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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.
BHUBANESWAR: Despite the Covid-19 pandemic situation, the state has witnessed record collection of Odisha Goods and Services Tax (OGST).
It has collected Rs 827.43 crore during the month of May this year against the collection of Rs 589.3 crore in May 2019 and Rs 440.67 crore in May last year.
Last month’s collection has recorded a growth of 40.4% against the collection of May 2019.
This growth is witnessed despite the extension of return filing date by the GST Council and poor filing of returns/payment of tax by dealers having turnover of less than Rs 5 crore, said the official sources.
“This growth in OGST collection is a result of better compliance by dealers having turnover of more than Rs 5 crore during previous year, increased collection from iron and steel sector as well as collection from matured GST demand made by tax officers after return scrutiny,” said the finance department sources.