GST collection grows by 44 percent in first four month of current FY
Commissioner, State Taxes and Excise, Yunus said here today that the GST collection in the State has grown by 44 percent in first four months of the current financial year with the collection of Rs. 472 crore in the month of July. The GST collections till July 31 reached 1,857 crore against Rs. 1,285 crore collected during the same period in the last financial year. The handsome GST growth is partly the result of various policy and administrative measures taken by the Department of State Taxes and Excise to improve taxpayer compliances and strengthen enforcement related activities. The second important reason for the growth is GST return related relaxations provided in the first three months of the last financial year. The relaxations provided to mitigate the adverse economic impact of second wave of Covid-19 had resulted into lesser GST collections during the first three months of 2021-22.
He said that the department is targeting an annual growth of around 25 percent in the current financial year. Continuous improvement in return filing, speedy scrutiny of returns, timely completion of GST audits and strengthened enforcement continue to be focus areas for the department.
The department has verified 4.5 lakh e-way bills during road checkings conducted in the current financial year. It remains committed to improve voluntary compliances with time bound redressal of the issues of the stakeholders under “Tax Haat Program”. It has also been organising workshops with the help of local vayopar mandals for increasing awareness of GST provisions among small and medium businesses. The department has also been focusing on capacity building of tax officers in order to strengthen their knowledge base. It has trained more than 350 tax officers in the last four months.
The implementation of the Departmental Restructuring principally approved by the State Cabinet alongside well trained tax officers are expected to help the department in achieving the revenue target, he added.
