GST collection went down 42% in April 2021 in Karnataka
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AAA Signalling what could be in store for the State in terms of collection of Goods and Service Tax (GST) for the month of May, when the State was in lockdown, the collection fell by 42% from March while the COVID-19 pandemic was raging in Bengaluru.
The total GST collection, including cess, fell from ₹9,954 crore in March to ₹5,731 crore in April. This is expected to slide steeply in the month of May, the figures for which are expected this month. The fall in collection for April came after a record collection in the country in March.
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Karnataka Chief Minister B S Yediyurappa presenting the state budget 2021-22 on Monday (March 8), said he has not put the burden of additional taxes on the common people. The year 2020-21 due to COVID-19 pandemic has caused untold miseries to the general public. I am not willing to put the burden of additional taxes on the common people, said Yediyurappa.
Bengaluru: Karnataka Chief Minister B S Yediyurappa presenting the state budget 2021-22 on Monday (March 8), said he has not put the burden of additional taxes on the common people. The year 2020-21 due to COVID-19 pandemic has caused untold miseries to the general public. I am not willing to put the burden of additional taxes on the common people, said Yediyurappa.
Despite this in the 2021-22 budget, no taxes including Karnataka State Tax on petrol and diesel has been increased and the budget has been formulated in such a way so as not to increase the financial burden on the common man, he added.
Yediyurappa who also holds the Finance Portfolio presented the state budget, his eighth in the legislative assembly Monday.
The Chief Minister said, the Gross State Domestic Product (GSDP) has seen a fall due to lockdown for controlling the COVID-19 pandemic during the year 2020-21, and as per the initial estimation based on fixed prices the GSDP has contracted by 2.6 per cent in comparison with that of 2019-20.
No new taxes but new gaushalas to mega infra projects: Key takeaways from Karnataka Budget deccanherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deccanherald.com Daily Mail and Mail on Sunday newspapers.