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Haryana has surpbaded other countries in per capita revenue collection under the GST and is also the fourth largest producer of electronic invoices in the country, Finance Minister Abhimanyu [Today19659002]. He added that the revenue growth rate was 19% and that it was up 19%.
In addition, the compliance rate of candidates in the state is 5 to 7% higher than the national average and commercial tax collection recorded double-digit growth.
List of achievements of the state after the deployment of the GST One of the most important results was the broadening of the tax base of 82.22%.
While the number of VATpayers was 2.25 lakh before the introduction of the GST, the number of dealers today, it is about 4.10 lakh.
This is despite the fact that the threshold for mandatory registration of taxable persons has been increased from Rs 5 lakh to Haryana to Rs 20 lakh under the GST, he added.
Abhimanyu stated that the GST collected in 2017-2018 (for nine months) averaged 1,505.93 crores, which increased to 1,804.96 crores during the first three months of 2018-1919, which means growth of 19.85% year-on-year. 19659002] Under the GST, the rate of compliance of censored person returns in Haryana has always been 5-7% higher than the national average. It was as high as 98.27%, which is a remarkable achievement, said Abhimanyu.
"The introduction of the One Nation One GST in Haryana was very easy with a relatively small state with a geographic size of 1.4 percent and 21 percent revenue recovery per capita. 39; Haryana under the GST is the highest in the country, or 1,876 rupees, he said.
About 1,12 crore of Haryana's e-way between April 1, 2018 and the June 30, 2018, catapulting the state to the position of the 4th highest electronic bill generator in the country.
The agents of the Department of Excise and Taxation conducted a physical audit of 1.10 lakh e-way bills, detected 3,358 cases of irregularities, and collected Rs. 21.37 crore as penalty in the two months of April and May 2018.
The minister said during the mandate of the current state government in the three full fiscal years 2015-16, 2016-17 and 2017-18, Haryana has recorded a robust growth to two ch and revenue from commercial tax revenue collection, with growth rates of 10.47 percent, 11.9 percent and 24.1 percent respectively.
The revenue collection figures under GST, CST, SGST 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
Abhimanyu stated that food grains that had been exempted from the GST were taxed at the rate of 5 per cent under the VAT. The total state harvest from food grains totaled Rs.1,100 crore.
In the pre-GST regime, the CST tax was the state's responsibility for transactions interstate, he said.
the state suffered a loss of about Rs 5000 crore on this account. Most consumer goods were taxable at the rate of 13.125% under the VAT. Most of these items were placed in the 18 percent tax slab, with the state's share being 9 percent. Therefore, this represents some loss of revenue for the state.
Abhimanyu said, on the other hand, that the proceeds of the service tax fell exclusively within the area of the Center. In the GST regime, states will also receive 50 per cent Of the collections because of the collection of the GST on the provision of services. With respect to the major recovery initiatives, he said that these included the Haryana Unpaid Contributions Settlement Settlement, 2017. In order to recover the tax arrears prior to the implementation of the GST, the Haryana Single Settlement Unpaid Contributions Recovery Scheme, 2017 was notified on June 22, 2017.
Under this scheme, arrears of Rs. 2,328.36 crores were recovered from 1 954 dealers. In addition, the minister said that the budget for the department of excise for 2018-1919 was set at 6,000 crores of rupees.
In the first quarter ended June 30, 2018, the department was able to achieve the goal of about 2,021 crores of Rs, which indicates strong revenue growth over the course of the year. fiscal year 2018-2019. The corresponding figure for the first quarter of 2017-18 was Rs 1,649.47 crore
(This story was not edited by Business Standard staff and is generated automatically from a syndicated feed. )
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