North eastern states witness over 30 per cent growth in Apr-Jul GST collection

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Northeastern states registered over 30 percent growth in GST collection during the first four months of the current fiscal 2019-20, much more than the increase witnessed in larger manufacturing states. Growth in Goods and Services Tax (GST) collection recorded by most of the seven sister states is over three times the national average of 9 percent.

In absolute terms, the total tax collection during April-July of this fiscal year rose to Rs 3.56 lakh crore, as per the data accessed by. Among the northeastern states, Nagaland registered the highest growth of 39 percent at Rs 393 crore during April-July period, the data revealed. It was followed by Arunachal Pradesh with 35 percent growth at Rs 514 crore and Sikkim with a 32 percent increase to Rs 370 crore. While Meghalaya clocked a growth of 30 percent in GST collection at Rs 680 crore, Mizoram’s growth was a tad lower at 27 percent with Rs 350 crore collection. The laggard states of Tripura and Manipur too registered 16 percent growth, more than double of large industrial states like Maharashtra, Haryana, and Gujarat.

Out of 37 states and union territories, Delhi, Lakshadweep, and Puducherry registered de-growth of 2 percent, 17 percent, and 8 percent respectively. GST collection of Delhi declined to Rs 12,700 crore during April-July 2019, compared with a little under Rs 13,000 crore a year ago. According to experts, Delhi has been adversely hit as the tax arbitrage on central sales tax (CST) has ended. In the past, Delhi imposed a lower CST of 1 percent, prompting many companies to ship goods from the union territory by locating their offices here. Big states like Maharashtra and Gujarat recorded a single-digit growth of 6 percent in GST collection. Punjab clocked 7 percent growth, while Haryana’s growth was at 9 percent. Tamil Nadu and Karnataka recorded 10 percent and 11 percent growth in GST collections, respectively.

Read More at: https://timesofindia.indiatimes.com/business/india-business/north-eastern-states-witness-over-30-per-cent-growth-in-apr-jul-gst-collection/articleshow/70688769.cms