Chandigarh logs mere 2% jump in GST collection in April
According to the ministry of finance, the collection for April stood at ₹255 crore which is ₹6 crore more than ₹249 crore collected during the same month last year
The UT has witnessed a growth of just 2% in gross goods and services tax (GST) collection for April in comparison to the revenue generated during the corresponding period last year.
According to the ministry of finance, the collection for April stood at ₹255 crore which is ₹6 crore more than ₹249 crore collected during the same month last year.
In comparison, the city had recorded a jump of 10.09% in the GST collection in March. The revenue collection settled at ₹202 crore, which was ₹18 crore more than ₹184 crore collected during the same month in 2022.
The GST collection for February had witnessed an increase of just 5%, which stood at ₹188 crore, which was ₹10 crore higher than ₹178 crore collected during corresponding period in 2022.
After witnessing a marginal fall in November 2022, the gross GST collection in December last year jumped to 33% against the revenue generated during the corresponding period in 2021.
The revenue generation for December 2022 stood at ₹218 crore, which is ₹54 crore more than ₹164 crore collected during the same month in 2021.
For the first time in 2022-23 fiscal, the gross GST collection for November had dropped by 3% in comparison to the revenue earned during the same month in 2021. The collection stood at ₹175 crore, which was ₹5 crore lower than ₹180 crore collected during the same month in 2021.
In October last year, the UT had registered 28% growth in GST collection, which stood at ₹203 crore, 45 crore higher than ₹158 crore collected during corresponding period in 2021.
In September 2022, the UT saw a 35% jump in GST collection at ₹206 crore, making it 54 crore higher than ₹152 crore revenue generated in the previous year.
In May last year, an increase of 29% in collection was seen as the city generated ₹167 crore, which was 37 crore more than ₹130 crore mopped up during the same period in 2021.
In April 2022, the collection saw a 22% jump. The UT had generated ₹249 crore revenue against ₹203 crore collected during the same month the previous year.
The finance ministry did not release the state- wise data for January this year.