Telangana records over 20 per cent growth rate in GST collection

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Telangana State has recorded over 20 per cent revenue growth rate in GST in the current financial year, reaching yet another milestone on the revenue front. While the government had targeted a revenue growth rate of 20 per cent from State Tax Department, records available as on date indicate that there was every possibility of crossing the targeted growth rate. The State Goods and Services Tax (SGST) revenue during the month of March 2019 itself had crossed Rs.1,300 crore against collection of Rs 960 crore in March last financial year. Telangana State would again top the list of States recording the highest growth rate in the country during the financial year 2018-19, the Telangana State Taxes Employees Association (TSTEA) said in a press release here on Monday.

Principal Secretary, Commercial Taxes and Excise, Somesh Kumar, congratulating the department for the impressive performance, said: “Your efforts and hard work have shown very good results in commercial taxes revenue, which crossed Rs 45,000 crore for 2018-19. The commercial taxes revenue for March, 2019, is Rs 5,000 crore while SGST revenue for March, 2019, is Rs 1,275 crore against the earlier best figure of Rs 1,042 crore in February, 2019,” he said. Since the introduction of GST on July 1, 2017, the figures for the financial year 2017-18 were amalgamation of the earlier VAT era and the present GST regime. “It is pertinent to mention that Telangana State topped the list even during the financial year 2017-18. The current financial year is the actual first complete financial year in the new taxation era. Recording huge revenue growth even during the current financial year clearly shows the rapid growth of Telangana State,” the TSTEA release said.

The Department Officials said the achievement was made possible by the meticulous planning by the Principal Secretary who has been leading them from the front, and to the guidance and persuasion of the Commissioner (CT), who has been regularly and closely monitoring the execution of instructions to realize the projected revenue from time to time. Technical support of IIT Hyderabad team under the supervision and guidance of the Principal Secretary and Commissioner provided updated lists on daily basis to Field Officials which eased their daily planning to focus on the target cases and demands which helped them to plan judiciously so as to augment the revenue within the stipulated time, the officials said. The collections made by the CTD helped the State record a per capita income of Rs 2,06,107 in the State compared to the per capita income of Rs.1,26,699 at the national level. While the growth rate in GSDP was 14.3 per cent in 2017-18, it was estimated to be over 15 per cent this fiscal year, as against the GDP growth rate of 11.5 per cent at the national level.

The Association said that 2018-19 had been a financial year different from the earlier ones, in that, despite facing several hurdles like scarcity of staff, infrastructure and other facilities, all the officers and staff of the department put in their best efforts to accomplish the tasks set by higher authorities, and played a vital role in placing the State on top of the list. The Association has been demanding creation of new divisions and circles with creation of proportionate posts so as to cater to the needs of the expanding businesses after introduction of GST in the State, finalization of pending seniority lists and issue of posting orders to the promoted officers, providing infrastructure facilities like office buildings, vehicles and furniture. The Association, in a representation submitted to Somesh Kumar on Monday, sought some incentives such as bonus of one month salary to all the officers and staff of the department who really worked hard for the cause of the State revenue. Association honorary president T Venkateshwarulu, president K M Venugopal Rao, and other Executive Members of TSTEA met the Principal Secretary and submitted the representation.

Read more at: https://telanganatoday.com/telangana-records-over-20-per-cent-growth-rate-in-gst-collection