Categories: Business

Revenue recovery in July in Uttar Pradesh gained momentum, raised Rs 10675 crore

Photo: FINANCIAL EXPRESS

UP revenue collection improves in July, says FM Suresh Khanna

Lucknow. After the tremor during the last few months due to the corona virus, the revenue collection in Uttar Pradesh has gained momentum, in July, it has recovered 97.7 percent share of last year. State Finance Minister Suresh Kumar Khanna said on Saturday that during the review of the month of July, it was found that the revenue collection work in July was much better. 10675.42 crore has been recovered in July this year against the total revenue receipts of Rs 10926.36 crore in July 2019.

In comparison, in the month of July, revenue of 97.7% has come down from the previous year. He said that this shows that we have reached a much better condition than what was the situation in April, May and June. Due to Corona, economic activity had slowed down in April and May, but now slowly, we are bringing it back on track and all the activities are going on again at the same pace as before February. .

Khanna also presented some item-wise comparative data for July 2019 and July this year. He told that in the year 2019 there was a receipt of Rs 6564.88 crore under GST, which is 6024 crore 16 lakh rupees despite Corona epidemic this year. The recovery of State GST (SGST) was Rs.1799.81 crore this year as against Rs.1850.71 crore in previous year and Rs.2320.81 crore against IGST 3011.87 this year.

Khanna said that this year the collection of VAT has increased. 1702.30 crores was received in July last year but this year it is 1903.54 crores. Similarly, in excise, stamp, registration and transport, there was a receipt of Rs 4214.27 crore last year, which increased to Rs 4472.72 crore in July this year. The Finance Minister said that in July last year, there was a receipt of Rs 147.21 crore under the head of ghost and mineral work, which is Rs 178.54 crore in July this year.

Khanna said that the financial discipline regarding the budget has been largely retained. We took care of everything on time despite adversity and did not delay even a day to pay. Apart from this, there is no deduction of any kind in pension etc. This in itself reflects financial good governance.

This post was published on August 8, 2020 8:06 pm

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