Haryana registers 30.54% growth in GST collection from July to October

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Haryana has registered a significant growth rate of 30.54%, which is highest in the country, under goods and services tax (GST) collection from July to October during the current financial. An amount of Rs 6,930 crore has been collected as GST during this period. This was stated in a meeting presided over by chief minister Manohar Lal Khattar to review the functioning of excise and taxation department here. The CM said with a view to check tax evasion and to improve GST collection, a state-wide registration drive should be launched for the registration of left out firms and also to cancel the registration of fake firms.

Under the GST regime, a business whose turnover exceeds Rs 40 lakh is required to register as a normal taxable person. He also directed the department to depute officers, who would personally visit atleast 50 people in different districts that are registered dealers, but did not file return so that reason for the same could be ascertained and accordingly steps could be taken. It was stated that in order to check evasion of tax under the GST, the sale of registered dealers was reviewed regularly by the tax research unit (TRU) of the department by identifying any mismatch between the inward and outward supply and tax paid. It was also stated that 6,160 taxpayers had been identified, who contribute nearly 80% of the total state GST revenue.

A special drive has been launched to pursue them to pay tax regularly and as a result of this, return has been significantly increased during the last four months. Besides, it was also stated that the taxpayer base in the state has been increased from 2.25 lakh in VAT regime to 4.48 lakh taxpayers in GST regime. Apart from this, physical survey of 1,13,590 newly registered taxpayers were conducted out of which 16,967 were found non-existent or non-functional. Registration of 12,314 had been cancelled.

Read More at: https://timesofindia.indiatimes.com/city/gurgaon/haryana-registers-30-54-growth-in-gst-collection-from-july-to-oct/articleshow/72285450.cms