Published 14:26 IST, July 5th 2020
Odisha: GST collection in June at 2,693.75 crore, Q1 mop up dips 35pc due to lockdown
The goods and services tax (GST) collection in Odisha has fallen by 7.86 per cent year- on-year to Rs 2,693.75 crore in June, amid slowdown in the economy due to the coronavirus crisis, an official said on Sunday.
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goods and services tax (GST) collection in Odisha has fallen by 7.86 per cent year- on-year to Rs 2,693.75 crore in June, amid slowdown in economy due to coronavirus crisis, an official said on Sunday.
GST revenue was 2,923.47 crore in year-ago month. gross GST collection in April-June period of current fiscal was at Rs 5,192.30 crore, down by 35.25 per cent from Rs 8,019.44 crore mopped up during preceding quarter of 2019-20, official said. gross figure of indirect tax includes Central GST, Integrated GST, State GST and cess.
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lockdown has severely impacted economic activities in state during first quarter of 2020-21 fiscal, which led to a fall in collection, Commercial Tax and GST Commissioner SK Lohani said. "However, situation has improved during last month in which a collection of Rs 2,693.75 crore as against Rs 2,923.47 crore was achieved. shortfall was only 7.86 per cent in June," he said.
According to him, this could be possible due to some relaxations granted by GST Council along with regular persuasion and facilitation by field officers of commercial tax organisation. Odisha GST (OGST) revenue in June was at Rs 759.17 crore, as compared to Rs 804.49 crore in corresponding month last year.
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Due to lockdown, OGST collection in first quarter of 2020-21 dropped by 32.79 per cent to Rs 1,560.20 crore from Rs 2,321.39 crore collected during same period of previous year, Lohani said after reviewing revenue data. " movement of vehicles which is an important indicator of restoration of normalcy in business activities is showing an encouraging trend," he said.
average daily inter-state waybills generated in February this year was 22,104, which dipped to 3,356 in April due to lockdown but improved significantly to 16,817 in last week of June, official said. Similarly, average daily intra-state waybills was 8,517 in April, which increased to 23,577 in last seven days of June. "se are healthy trends," Lohani ded.
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14:26 IST, July 5th 2020