Despite the COVID-19 pandemic Andhra Pradesh’s state GST Revenue Department has managed to register a growth for the April-Jan’21 period compared to the same period last year.
State GST revenues for the period April-Jan’21 stood at Rs 18968.20 crores as against the last fiscal revenues of Rs 18,515.69 crores thereby registering a growth of 2.44%.
‘Andhra Pradesh is the number 1 state in South India in terms of commercial tax collections’ said Mr Peeyush Kumar, IAS Chief Commissioner (ST) Andhra Pradesh speaking to Vizag Industrial Scan.
The Commercial Taxes Department had undertaken a special drive target in Q3 which yielded good results. ‘Just through the special drive target undertaken by my department in Q3 we achieved tax revenues of Rs 1073.03 crores as against a target of Rs 942.41 crores’ highlighted Mr Peeyush.
Andhra Pradesh is the number 1 state in South India in terms of commercial tax collections
— Mr Peeyush Kumar, IAS Chief Commissioner (ST) Andhra Pradesh .
He also identified the state government’s welfare schemes to have put in much needed money in the hands of the people which he said drove consumption.
In addition the GST compensation received and the Adhoc IGST settlement also aided the growth in revenues.
The COVID-19 pandemic however did impact the overall total tax revenues of the state with total revenues (including VAT) declining by 9.91% for the April-Jan’21 period.
This decline was due to the steep fall in liquor tax of 47.31% followed by professional tax decline of 2.66%. Revenue on petroleum products however increased 2.55%. The total revenue registered for the period April-Jan’21 stood at Rs 32,617.01 as against Rs 36,204.02 achieved in the same period last fiscal.
As with all districts, the district of Visakhapatnam too saw a decline of 16.02% for the period April-Jan’21 compared to the same period last year. The district had registered revenues of Rs 2946.69 crores as compared to Rs 3508.83 crores in the last fiscal for the period April-Jan ’20.
Mr Peeyush however said that he is confident of achieving a healthy growth for this fiscal ending March ’21.