After Unlock-4, the excise department earned 180 crores from GST, people are applying for brand spanking new numbers
After Unlock-4, the excise department earned 180 crores from GST, people are applying for brand spanking new numbers
After Unlock-4, the city’s economy is back on target. Businesses within the city came to a standstill thanks to the lockdown and curfew imposed across the country from March to May 2020 thanks to the Corona epidemic. The town lost just two percent of the business within the lockdown.
According to the UT Excise and Taxation Department, where earlier, there was a GST collection of 100 to 150 crores monthly. The department received a GST collection of only Rs 57.44 crore from March to April 2020 during the lockdown. Ever since Unlock-4 has been installed within the entire country, the town’s economy has seen improvement. Now like again, the revenue from the GST collection from the town to the excise department has crossed Rs 100 crore.
City business returned to trace in August
From March to May 2020, the business within the city was completely stalled. Thanks to this, the sale of merchants, artisans, and traders within the entire city was reduced to only seven to 10 percent. Consistent with the excise department, now the sales of traders reached between 40 and 60 percent.
Due to this, the department collected Rs 179.47 crore as GST revenue from the business wiped out the town in August. The GST collection of the department was Rs 197.22 crore within the month of August last year 2019-20. Which, despite the corona epidemic, is merely nine percent below this point.
GST Collection after lockdown
According to the list released by the central government saw, in August 2020, Chandigarh registered 92.56 percent in GSTR 3B return filing. Chandigarh has joined the highest five states within the country within the GSTR 3B return filing. The highest five states include Gujarat, Maharashtra, Punjab, Haryana, and Chandigarh besides Chandigarh.
Given the initiative taken by the Central Government to become self-reliant. The youth section of the town has now started its business. Thanks to which 341 people applied for a GST number within the city from April to August 2020. Those that were allotted GST number. The town currently has 16, 170 GST dealers.
