May revenue collection up by ₹2,741 crore: Govt
A scrutiny of the state government’s revenue earnings indicated that its tax collections were ₹17750.73 crore in May of the current financial year.
The Uttar Pradesh government on Wednesday claimed higher revenue earnings in the first two months of 2024-2025. Collections went up by ₹2,741 crore in May this year against the amount collected in the same month last year, it claimed
“The state government has earned a sum of ₹18092.19 crore in May 2024 against ₹15351.19 collected in May 2023. Its collections in May this year are 82.7 per cent of the target for the month,” said minister for finance Suresh Khanna here on Wednesday.
A scrutiny of the state government’s revenue earnings indicated that its tax collections were ₹17750.73 crore in May of the current financial year. The VAT/GST contributed half of its revenue with the total collections under the head remaining ₹9,589.64 crore. Its collections from the excise were the second highest source with earnings of ₹4,593.44 crore.
In April, the state government collected a revenue of ₹16,419.36 crore, which was 73 per cent of the target for the month. Its total collections in April and May this year were ₹34,511.55 crore.