Products You May Like
Uttar Pradesh’s tax revenues (OTRs) have risen considerably in Might 2021 from the year-ago interval, however are nonetheless within the vary of fifty% of the goal, data gathered by FE suggests.
A graded pick-up within the industrial actions, regardless of the Covid-19 induced curfew imposed within the state, have aided the gradual restoration and the positive aspects are primarily as a result of an increase in GST, VAT collections.
In response to the finance division information accessed by FE, the state mopped up Rs 8,272.55 crore as tax and non-tax income in Might 2021, a rise of 42% from Rs 5,820 crore collected a yr in the past. Nonetheless, that is simply 52.7% of the goal of amassing Rs 15,683.37 crore for the month.
The GST income in Might 2021 was Rs 2,771.32 crore, which was 48.1% of the goal of Rs 5,764.74 crore for the month, whereas the VAT assortment of Rs 2,286.44 crore was 90.7% of the goal at Rs 2,520.63 crore. In Might 2020, the GST collections stood at Rs 1,939.52 crores, whereas the VAT assortment was Rs 1,019.65 crore, the information confirmed.
Apparently, the alcohol excise income, which had bailed out the federal government within the earlier months, fell in Might to Rs 2,138.86 crore, in opposition to Rs 2,169.25 crore collected in final Might. Whereas the drop of Rs 30.39 crore in opposition to final yr’s earnings is merely 1.5%, the division managed to gather solely 52.5% of the Rs 4,073 crore goal set for the month.
Although the state’s efficiency in amassing Rs 625.03 crore stamp obligation has proven a rise over Rs 349.52 crore collected in Might 2020, the division nonetheless managed to gather simply 28.5% of the goal of Rs 2,192 crore.
The transport division’s assortment of Rs 314.62 crore, although exhibiting a threefold rise over Might 2020’s assortment of Rs 99.86 crore, is simply 39.6% of the month’s goal.
The mining division, too, reported a decrease income of Rs 136.28 crore in comparison with Rs 242.24 crore for a similar interval final yr, which is 60% in need of the month’s goal of amassing Rs 338 crore.
The state’s finance minister, Suresh Khanna, nevertheless, mentioned that within the mild of the curfew imposed within the state, efficiency was good. “We’ve achieved 52.7% of our goal for Might. In mild of the Covid-19 curfew, this can be a good achievement. It is usually considerably greater than the income in the identical interval final yr, up by Rs 2,452 crore,” he mentioned.