A.P. outsmarts other southern States in GST collections last financial year
Andhra Pradesh had outperformed other southern States by registering a formidable development in the GST collections between June and March of the 2020-21 financial year.
The months of April and May 2020 had witnessed lockdown following the outbreak of COVID-19. The Unlock course of had begun from June 1, 2020.
In spite of the pandemic state of affairs, Andhra Pradesh had registered a development of 8.83% in the course of the 2020-21 financial year. The development price in other southern State was between 0.18% and three.78% in the course of the interval.
As per info, Andhra Pradesh’s State GST assortment in the course of the interval was ₹24,386.66 crore in opposition to ₹22,407.46 crore in the course of the 2019-20 financial year.
“The high growth rate indicates the State’s economic activity and GST compliance. The State’s total GST revenue is known once the Integrated GST is settled with other States,” the officers say.
According to the Commercial Taxes officers, the tax compliance is considerably excessive in Andhra Pradesh.
“To improve the collections, the department had take a few measures such as conducting surprise checks, identifying the defaulters, and making them fall in line. Most of the defaulters could not file returns due to the pandemic situation,” the officers say.
The GST assortment in the neighbouring Telangana was solely 0.81%.
States forward of A.P.
The States that have been forward of Andhra Pradesh on this depend are Chhattisgarh and Odisha, which had registered a development of 11.99% and 11.24% respectively.
Maharashtra, the financial capital of the nation, had registered a destructive development of 0.92%. Similarly, New Delhi registered a destructive development of seven.57%, in keeping with the sources.