Lockdown: GST collection in April was 4.33 crores, quite 100 crores reached in Unlock
The Corona epidemic has begun to make the wagging economy back on target, the relief news is that in the State Goods and Services Tax (Goods and Services Tax), the GST collection of 4.33 crores within the month of April has increased to 100 crores. Reached 81 lakh rupees.
Lockdown GST collection
Government revenue has also started increasing as markets are rising, production in factories is increasing. most of the business activities have accelerated within the one month of Unlock-1.
Revenue has started increasing, the economy will emerge soon
The GST collection in April was 4 crores to 33 lakh rupees, while in May it increased to 39 crores rupees 38 lakhs. In May, the govt had given some exemption in transportation and sales for goods in need, hence the collection was increased by almost 10 times. Now, with the boom within the auto sector under Unlock-1 in June, the demand for petroleum and energy also increased. Growth in RTO transactions and power consumption was recorded. At an equivalent time, most sorts of products started beginning within the markets and therefore the GST collection increased to Rs. 81 million in June. This amount will increase further in July.
Markets are gaining momentum
GST collection of 4.33 crores was wiped out April during the lockdown, now Unlock-1 ie 100 crores have reached 81 lakh rupees in June. Markets are gaining momentum, this is often an auspicious sign. During the lockdown, the department suffered heavy revenue losses. Hopefully, it’ll emerge soon. Ramanivas Sharma, Joint Commissioner, SGST
This was the situation: GST collection
the year 2019 was reduced to 311 crores rupees 6 lakhs in Ajmer within the year 2019 April-May-June, while this GST collection within the fiscal year ie 2020 April-May-June decreased to 144 crores. Only 52 lakh rupees remained. This loss of revenue was caused by the lockdown. There was an entire ban from March to May, gradually the govt started playing the industries under Unlock-1. Production commenced at MSME units across the district. The market started learning and therefore the collection of GST also started increasing.