GST collection dips 14% in Chandigarh
Tribune News Service
Chandigarh, March 2
Despite the opening up of the economy post-pandemic, the Goods and Services Tax (GST) collection dipped 14 per cent in the UT in February.
According to the Finance Ministry, the GST collection in the UT stood at Rs148.5 crore in February, which was 14 per cent less in comparison to the revenue of Rs172.37 crore received during the corresponding period last year.
However, the neighbouring states of Haryana and Punjab clocked 6 per cent growth in the gross GST collection in February this year.
The Finance Ministry did not release the state-wise data of GST revenue during January 2021.
The gross GST collection in the UT stood at Rs158 crore in December 2020, which was 6 per cent less in comparison to Rs168 crore, the revenue received during the corresponding period in 2019.
An official said in December 2020, the Excise and Taxation Department had received Rs17 crore more than the previous month of November 2020. In November last year, the tax collection stood at Rs141 crore, which was 14 per cent less in comparison to Rs165 crore, the revenue received during the same month in 2019. In October last year, the UT had collected tax to the tune of Rs151.98 crore, which was 3.21 per cent less in comparison to Rs157.02 crore, the collection made in the same month in 2019.
In September 2020, the gross GST collection was 10 per cent lower than what was collected during the corresponding period in 2019.
The gross tax collection in September 2020 stood at Rs141.48 crore, whereas the same month in 2019, the UT had seen GST collections of Rs156.51 crore.
The UT got nearly 8 per cent more revenue in the form of gross GST collected in September 2020 in comparison to the amount received in August 2020.
The gross GST collection in August last year was Rs138.52 crore, which was nearly 13 per cent less than the previous year of 2019 when Rs160.08 crore tax was collected.
The official said the GST collection in July was Rs137.33 crore. Due to the imposition of the lockdown, the UT had collected a meagre revenue of Rs40.34 crore in April, which increased to Rs103.44 crore in May. However, with selective opening of various business establishments in Unlock 1.0, the revenue collection witnessed a sharp increase and the UT recorded a collection of Rs158.69 crore in June, the highest in this financial year.
