Insta
Tax Collection In States Rises Significantly Despite Demonetisation
Swarajya Staff
Jan 09, 2017, 12:51 PM | Updated 12:51 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
According to latest data shared with the central government, tax collection in the states has risen significantly despite demonetisation of high-value currency notes, Times of India reported on Monday. Out of 31 Indian states, West Bengal, Meghalaya and Arunachal Pradesh were the only three that reported a decline.
As many as 17 of the 31 states and Union Territories have shared the data. While Maharashtra topped larger states, a sharp increase in tax collection was also seen in Jammu and Kashmir. Some states, including Gujarat, Telangana and Delhi, have not shared the data.
Compared with November, VAT growth significantly slowed down in December. This may be attributed to the scarcity of cash in the initial days of the month.
The Centre has said that its revenue collection was not hit. Finance Minister Arun Jaitley said earlier that direct and indirect tax collections are expected to exceed government’s budget target.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.