UT GST collection up 20% in Nov

The Goods and Services Tax (GST) collection in the city last month witnessed a growth of 20% against the gross levy collected during the corresponding period in 2023.

According to the Ministry of Finance, the collection for November this year stood at Rs 253 crore, Rs 43 crore more than Rs 210 crore received during the same month in 2023.

An official of the Excise and Taxation stated that the growth was a witness to the department’s rigorous tax administration efforts, coupled with initiatives to raise awareness about compliance.

In October, the city saw an increase of 16% against the gross levy collection during the corresponding period in 2023. The collection for October stood at Rs 243 crore, Rs 33 crore more than Rs 210 crore collected during the same month in 2023.

On the other hand, the collection for September this year stood at Rs 197 crore, Rs 22 crore less than Rs 219 crore mopped-up during the same month in 2023. The city saw a decline of 10% in the revenue collection during the month.

In August, the city saw an increase of 27% and in July, 8%.

The ministry did not share details of the tax collected during the month of June and January this year.

The UT Administration had announced a GST collection of Rs 178 crore for May this year, marking a 6% increase from the previous year, i.e. from Rs 168 crore to Rs 178 crore after settlement of IGST. The rise in collections was attributed to enhanced compliance measures, including scrutinies, inspections and audits, said an official of the Excise and Taxation Department.

The collection for April saw a rise of 23% at Rs 313 crore. It was Rs 58 crore more than Rs 255 crore generated in 2023. The tax collection for March touched witnessed a growth of 18% at Rs 238 crore against Rs 202 crore collected in 2023.