"The compliance percentage in the state is 5-7 per cent higher than the national average. The revenue collection under commercial taxes has registered a double-digit growth," the minister said.
Spelling out the achievements made by the state post-GST, he said one of the most important achievements was widening the tax base by 82.22 per cent.
"While the number of tax assessees under VAT, Central Excise and Service Tax in Haryana was 2.25 lakh before the introduction of GST, the number of dealers today is about 4.10 lakh. This is in spite of the fact that the threshold limit for mandatory registration of tax assesses has been raised from Rs 5 lakh in Haryana to Rs 20 lakh under GST," he pointed out.
Abhimanyu said GST collected during 2017-18 (for nine months) averaged Rs 1,505.93 crore which increased to Rs 1,804.96 crore during the first three months of 2018-19, implying year-on-year growth of 19.85 per cent.
He said the introduction of 'One Nation One Tax' GST in Haryana has been very smooth. The state occupying only 1.4 per cent of the geographical area of the country has collected the fifth highest gross GST in the country, he said.
"Haryana's per capita revenue collection under GST is the highest in the country at Rs.1876," he pointed out.
He said that around 1.12 crore e-way bills were generated in Haryana between April 1, 2018 and June 30, 2018, catapulting the state to the status of 4th highest generator of e-way bills in the country.
"The figures of revenue collection under the GST, CST, SGST, including other taxes subsumed later under the GST, are Rs 21,546.98 crore in 2015-16, Rs. 24,301.61 crore in 2016-17 and Rs 29,941.43 crore in 2017-18," he said.
"GST being consumption-based tax, the state suffered a loss of about Rs 5,000 crore on this account. Many of the consumer goods were taxable at the rate of 13.125 per cent under VAT. Most of these items have been placed in the tax slab of 18 per cent wherein the state's share is nine per cent. Therefore, it accounts for some loss of revenue to the state," he admitted.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
