Hry tops in GST per capita revenue: Capt Abhimanyu
STATE HAS BECOME THE 4TH HIGHEST GENERATOR OF EWAY BILLS , WIDENED TAX BASE BY 82.22%, AND LOGGED 19% HIKE IN REVENUE COLLECTIONS
CHANDIGARH: Ha ryan a has topped among all states in per capita revenue collection under goods and services tax (GST), Haryana finance minister Capt Abhimanyu said on Wednesday.
Addressing newspersons here, he also said Haryana has become 4th highest generator of e-way bills in the country, widened the tax base by 82.22%, and logged 19% hike in revenue collections.
He said while the number of tax assesses under value-added tax (VAT), central excise and service tax in Haryana was 2.25 lakh before the introduction of GST, the number of dealers today is about 4.10 lakh.
This happened despite the fact that the threshold limit for mandatory registration of tax assesses had been raised from Rs 5 lakh in Haryana to Rs 20 lakh under GST, he added.
Referring to the collections, Capt Abhimanyu said GST collected during 2017-18 (for nine months) averaged Rs 1,505.93 crore which increased to Rs 1,804.96 crore during the first three months of 2018-19, implying year-on-year growth of 19.85%.
About 1.12 crore e-way bills were generated in Haryana between April 1, 2018 and June 30, 2018, catapulting the state to the status of 4th highest generator of e-way bills in the country.
He said due to the efforts made by the state, tax rates on tractors, tractor parts, fertilisers, agricultural implements, plywood and scientific instruments were reviewed and rationalised by the GST Council.
The rate of tax on tractors was reduced from 28% to 12%, the rate of tax on tractor parts from 28% to 18% and on fertilisers, from 12% to 5%.
The tax on plywood was reduced from 28% to 18%, on scientific instruments from 18% to 12%, and rate of tax on agricultural implements was kept at a lower slab of 12% on the insistence of Haryana, he claimed.
ROBUST EXCISE REVENUE GROWTH
Capt Abhimanyu said the budgetary estimate for the excise department for 2018-19 had been fixed at Rs 6,000 crore. In the first quarter, ended June 30, 2018, the department realised the target of about Rs 2,021 crore, thereby indicating a robust revenue growth. The corresponding figure for the first quarter of 2017-18 was Rs 1,649.47 crore, he added.