Telangana nets Rs 36,000 crore revenue through GST, 4% of India’s revenue

Telangana nets Rs 36,000 crore revenue through GST, 4% of India’s revenue

Telangana notched up a high Rs 36,212 crore Goods and Services Tax (GST) revenue in 2018-19 financial year, accruing 4% of overall GST revenues
in the country. In another high, the monthly average revenue has grown by 28% in Hyderabad zone which is the highest in the country when compared to the previous financial year.

Officials said the taxpayers’ base of Telangana is around 3% of the country. As against a target of Rs 19,420 crore, central GST officials realised Rs 18,565 crore in entire Telangana. Hyderabad Zone has consistently performed well in 2018-19 in the recovery of pending tax arrears amounting to Rs 175 crore. Hyderabad zone stood first in the country in terms of arrears recovery for the fiscal year.

GST Hyderabad zone officials detected evasion of Rs 458 crore, excluding fake invoice cases, and recovered Rs 272 crore out of it. In fake invoice cases involving 36 companies till May 31, 2019, an amount of Rs 277 crore has been detected, of which Rs 34 crore has been recovered in Hyderabad zone. Fifteen persons have been arrested in connection with GST anti-evasion cases.

GST principal commissioner, Hyderabad, M Srinivas said the Hyderabad zone has also been actively pursuing the cases against those who fail to pass on GST benefits to consumers. “One of the highlights is the anti-profiteering wing acted against theatres to ensure that the benefit of GST rate cut is passed on to the moviegoers,” he said.

Source: Times-of -India.

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