Sunday, October 2, 2022

Rs. 2062.57 cr generated from CGST, SGST, IGST from 2018-21


State chief minister Neiphiu Rio, who also holds the finance portfolio, Monday said that a total of Rs. 2062.57 crore was collected from Central Good and Services Tax (CGST), State Goods and Services Tax (SGST) and Integrated Goods and Services Tax (IGST) from 2018-2021.
He was responding to a starred question raised by NPF legislator Kuzholuzo (Azo) Nienu on the total revenue generated through CGST, SGST and IGST for the year 2018-2021.
In the year 2018-19, the chief minister informed that a total of Rs. 532.84 crore was collected from the three sectors, Rs. 713.25 crore in 2019-20 and Rs. 816.48 crore in 2020-21 totalling to a sum of Rs. 2062.57 crore.
To a query on how the revenues were being utilized, Rio informed that the revenues form part of the Consolidated Fund of the State and was utilized for financing the budgeted expenditure such as salaries, pensions, debt servicing and other activities of the State government. To a supplementary question on whether there were any mechanism(s) in place to check those businesses, which had a turnover above the threshold of Rs 20 lakh and above that might not have registered for GST, Rio replied that GST collection had improved and since all the payments were done online cases of manipulation had also come down.