Home / Economy / News / GST, VAT collection dips as 6 states' tax revenue till November FY20 falls

GST, VAT collection dips as 6 states' tax revenue till November FY20 falls

On the other hand, tax revenues rose 13.44 per cent for West Bengal in this period

GST, VAT collection reduce as 6 states' tax revenue till November FY20 fall

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3 min read Last Updated : Jan 29 2020 | 9:36 PM IST

States like Andhra Pradesh, Gujarat, Maharashtra, Punjab, Manipur, and Uttarakhand saw fall in their overall tax receipts during the first eight months of the current fiscal year, compared to the corresponding period of the previous year.

On the other hand, tax revenues rose 13.44 per cent for West Bengal in this period.

The bulk of states’ revenue comes from the devolution from the Centre’s divisible tax pool, goods and services tax (GST), value-added tax (VAT) on petroleum, and excise duty on alcohol.

These revenues declined by 11.4 per cent in this period in Andhra Pradesh, while Punjab witnessed 10.4

Topics : Goods and Services Tax Excise Duty Fiscal Deficit Budget estimates Value Added Tax Direct tax receipts Tax Revenues Tax collections India Ratings and Research

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