Odisha

COVID-19 Pulls Down GST Collection In Odisha: Details Here

Bhubaneswar: With the economic activities severely impacted by the COVID-19 and subsequent shutdown, the GST collection in the state has come down by 7.86 per cent in June, 2020 compared to the same month last year.

According to official sources, the June collection of GST this year was Rs 2,693.75 crore against 2,923.47 crore in the year-ago month.

The gross GST collection in April-June of the current fiscal was Rs 5,192.30 crore against Rs 8,019.44 crore of the same quarter in the last fiscal, registering a fall by 35.25 per cent, the sources said. The Odisha GST (OGST) revenue in June was Rs 759.17 crore against Rs 804.49 crore in the same month last year.

The lockdown has severely affected the economic activities in the state during the first quarter of 2020-21 fiscal, which led to a fall in the collection, Commercial Tax and GST Commissioner SK Lohani said.

“However, the situation has improved in the last month when a collection of Rs 2,693.75 crore as against Rs 2,923.47 crore was achieved. The shortfall was only 7.86 per cent in June,” he said.
Due to the lockdown, the OGST collection in the first quarter of 2020-21 dropped by 32.79 per cent to Rs 1,560.20 crore from Rs 2,321.39 crore in the same period of the previous year, Lohani said. However, the movement of vehicles, which is an important indicator of the restoration of normalcy in business activities, is showing an encouraging trend, he added.
OB Bureau
Share
Published by
OB Bureau

Recent Posts

Champions Trophy: Virat Kohli (100*) Masterclass Floors Pakistan; Check Milestones He Conquered

Dubai: ODI cricket, Pakistan – they bring out the best in Virat Kohli. The Dubai… Read More

2 hours ago

3 Arrested For Looting Govt Official By Using Toy Gun In Odisha

Cuttack: Three criminals were arrested by Choudwar police in Odisha’s Cuttack district for allegedly looting… Read More

2 hours ago

ISL: 10-Man Odisha FC Go Down 0-1 To Toppers Mohun Bagan Via Injury-Time Goal

Kolkata: Odisha FC fought gallantly in the lion’s den but finally returned empty-handed. Up against league… Read More

2 hours ago

Caught Using AI To Solve Maths Problem, Class X Board Exam Candidate Loses A Year!

Kolkata: A West Bengal secondary board exam (Madhyamik) candidate recently took Artificial Intelligence (AI) to… Read More

3 hours ago

4th Batch Of Illegal Immigrants Back: 12 Indians Deported From US To Panama Arrive At Delhi’s IGI Airport

New Delhi: A fourth batch of Indian nationals deported from the US arrived at Indira… Read More

3 hours ago

Record 6.82 Lakh Olive Ridley Turtles Visit Odisha’s Rushikulya River Mouth For Mass Nesting

Berhampur: Rushikulya river mouth in Odisha’s Ganjam district has emerged as a major rookery for… Read More

4 hours ago