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Over two lakh new registrations under GST in Haryana: FM
Haryana

Over two lakh new registrations under GST in Haryana: FM

Agency News

Chandigarh, Jul 2: Haryana Finance Minister, Capt Abhimanyu on Tuesday informed that over two lakh new registrations have been added in the state under Goods and Services Tax (GST) since its roll-out to the existing base of 2.25 lakh tax payers under the erstwhile VAT and GST regime.

The Finance Minister said that the progress of implementation of GST right from its roll-out in July 2017 was constantly reviewed in the state. Extensive training programmes were conducted for training of all Stakeholders.

Workshop, seminars, conferences and interactive sessions with the tax payers are regularly organised. The State has particularly stressed upon the expansion of the tax base.

He said that Haryana is contributing handsomely in the GST collections. A total of Rs. 36,815 crore was collected from the State under State GST, CGST, IGST and Cess for the 8 months of GST implementation during 2017-18. It is Rs. 4,601 crore per month on an average, he added.

He said that with regard to the State collections under GST, the State collected Rs.10,178 crore including provisional IGST settlement in the financial year 2017-18.

Capt Abhimanyu said that the protected revenue of the State for the year 2017-18 was Rs.13,200 crore. Total shortfall of the State GST revenue after taking into consideration the recoveries of erstwhile VAT and CST was Rs. 1,933 crore in the financial year 2017-18.

The State received Rs 1,199 crore from compensation and Rs. 667 crore from provisional IGST settlement during this period.

The Finance Minister said that in the financial year 2018-19, the State has collected Rs. 55,231 crore under State GST, CGST, IGST and Cess contributing Rs 4602.56 crore per month on an average.

The total collection for Haryana under all the GST Acts is Rs. 55,231 crore as against Rs. 11,77,370 crore for all the States in the Country.

Based on National Census data 2011, the per capita GST Collection for Haryana stands at Rs. 21,744.49 in comparison with the national per capita GST collection of Rs. 9370.33, which is approximately 2.5 times the national average.

With regard to the State collections under GST, the State collected Rs.16541 crore including provisional IGST settlement in the financial year 2018-19. The average per month collections of SGST have gone up from Rs. 1,272 crore to Rs 1,378 crore experiencing an increase of approximately 8.33 per cent.

The protected revenue for this period was Rs. 22,560 crore (Rs. 1880 crore per month). The State received a compensation of Rs. 2,820 crore and ad-hoc IGST Settlement of Rs. 2,476 crore in this financial year, he added. (UNI)