Assam’s GST collection drops by 80 percent amid Covid-19 pandemic

    Assam has collected only Rs 193 crore as Goods and Services Tax (GST) revenue collection in April, 2020.

    As the global economy has been affected by the novel Coronavirus (COVID-19) pandemic, along with other states of the country Assam too is badly affected.

    Due to the Covid-19 pandemic, the revenue collection of Assam has dropped by 80 percent in the first month of the current financial year.

    Assam has collected only Rs 193 crore as Goods and Services Tax (GST) revenue collection in April, 2020.

    In April, 2019, the state had collected Rs 932.36 crore as GST revenue collection.

    Assam Finance minister Dr Himanta Biswa Sarma on Wednesday said the state economy has been badly affected due to Covid-19 pandemic.

    “In April 2019, our GST collection was Rs 932.36 crore and this year we have collected only Rs 193 crore. Our GST collection has dropped by 80 percent,” Himanta Biswa Sarma said.

    He further said that, in April 2019, the state had collected Rs 406 crore as SGST, Rs 276 crore as CGST, Rs 193 crore as IGST, and Rs 55 crore as cess. But in April this year, we have collected only Rs 68 crore as SGST, Rs 60.72 crore as CGST, Rs 62 crore as IGST and Rs 2 crore as cess.

    He further said, the state government had collected Rs 65 crore as foreign liquor tax in March this year, but the collection has been dropped to Rs 6.33 crore in April, 2020.

    “Earlier, the state government had collected an average of Rs 340 crore monthly from the cess of petrol, diesel, but this month’s collection is only Rs 60 crore,” Himanta Biswa Sarma added.

    The Assam Finance minister said, now the challenge for the state government is how to mitigate the present economic crisis.

    Source- India Today.

The post Assam’s GST collection drops by 80 percent amid Covid-19 pandemic appeared first on GST Station.



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