Faridabad has registered a sharp decline of 33.3 percent in the GST collection till December 2020 in comparison to the corresponding period in 2019.
It is attributed mainly to the Covid crisis and lockdown, which led to disruption in the manufacturing and sale of industrial and commercial products.
According to details available from the Department of Excise and Taxation here, the district sales tax department collected a total of Rs 1,738 crore from April till December 2020, which is Rs 867.85 crore lower than Rs 2,605.85 crore GST collection in the corresponding period in 2019. However, according to officials, the revenue collection in December 2020 surpassed the amount collected in the corresponding period in 2019 by a margin of Rs 5.1 crore. The monthly collection in December 2020 has been Rs 288.49 crore against Rs 283.39 crore in 2019. However, this collection in November 2020 remained Rs 21.35 crore less than Rs 298.10 crore collected in November 2019, according to officials.
Describing the downfall due to the lockdown conditions and low manufacturing and sales since April last year, Ravinder Singh, Deputy Excise and Taxation Commissioner, said though the collection was expected to rise further, the overall figures were likely to remain lower this financial year (2020-21). The GST collection had declined by 60.94 percent in the first quarter (April to June) of the current financial year (2020-21). It was only Rs 277.96 crore in comparison to Rs 899.01 crore in 2019-20.
Source from: https://www.tribuneindia.com/news/haryana/33-dip-in-faridabad-gst-collection-in-april-december-194700