GST collection up 50.7 pc in July

Shimla, August 4

The monthly Goods and Service Tax (GST) collection of the state has registered a growth of 50.7 per cent in July 2021, a spokesperson for the Excise and Taxation Department said here yesterday.

He said the GST collected in July stood at Rs 473.81 crore, which is the highest collection in one month since its implementation. The cumulative GST collections up to July were Rs 1,301.03 crore. The state had collected Rs 705.26 crore during the corresponding period last year.

Some reasons for the improved GST collections are the increased business activities, improvement in return filing as a result of better monitoring of taxpayers and more effective enforcement activities by the department, he added. — TNS

Courtesy: Tribune News Service

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