Haryana tops - GST

 On 11th July 2018, Haryana Finance Minister Abhimanyu said that, Haryana has topped other states in per capita revenue collection under GST, and is also the 4th highest generator of e-way bills in India.

i. He said that, Haryana has widened the tax base by 82.22 % and logged 19 % increase in revenue collections.
ii. Also, the compliance percentage of assessees in Haryana is 5-7 % higher than the national average and revenue collection under commercial taxes has recorded double-digit growth.
iii. The number of tax assessees under VAT, Central Excise and Service Tax in Haryana was 2.25 lakh before the introduction of GST. Now the number of dealers is nearly 4.10 lakh.
iv. In Haryana, the threshold limit for mandatory registration of tax assessees has been increased from Rs 5 lakh to Rs 20 lakh under GST.
v .He said that, GST collected during 2017-18 (for 9 months) averaged Rs 1,505.93 crore, which increased to Rs 1,804.96 crore during the first 3 months of 2018-19, amounting to year-on-year growth of 19.85 %.
vi. Under GST, the compliance percentage of assessees filing returns in Haryana has been consistently 5-7 % more than the national average. It has been as high as 98.27 %.
vii. Nearly 1.12 crore e-way bills were generated in Haryana from 1st April 2018 to 30th June 2018. Haryana has become the 4th highest generator of e-way bills in India.
viii. Physical checking of 1.10 lakh e-way bills was conducted by Officers of the Excise and Taxation Department in April and May 2018. 3,358 cases of irregularities were detected and Rs.
21.37 crore was collected as penalty.
ix. He said that, during financial years 2015-16, 2016-17 and 2017-18, Haryana has showed enormous growth in revenue collection under commercial taxes with a growth rate of 10.47 %,
11.9 % and 24.1 %, respectively.
x. The revenue collection figures under GST, CST, SGST, including other taxes subsumed later under the GST, are Rs 21,546.98 crore in 2015-16, Rs. 24,301.61 crore in 2016-17 and Rs 29,941.43 crore in 2017-18.

By: Ayush Goyal