Maharashtra aces in GST, contributes 15% of total collection in India

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Mumbai : Maharashtra has contributed Rs 1.70 lakh crore revenue that is 15% of total Goods and Service Tax (GST) collection of all India in the year 2018-19. Maharashtra’s contribution has been registered as the highest GST collections among all states of India.

According to the finance minister Sudhir Mungantiwar, the growth of Maharashtra among all states of India is highest that has positively resulted in high revenue earning. “The growth of Maharashtra continues to be high. We have contributed 8% higher than the last year’s GST contribution. It again establishes that Maharashtra is the growth engine of India,” the finance minister added.

He said that the hiccups in the GST system have been settled for now. “Things are coming back on the path of progress. Now, GST return submissions is very easy and simple for taxpayers. We have removed all complicated windows from the GST return filing system to enable filing returns on time,” added the Finance Minister.

The minister said that the per capita income in Maharashtra is also high. “That was reflected in the growth of GST this year. The businessmen are getting the duel benefit in this GST system. They are getting the rebate as we as cut on the charges on GST. Besides, consumers are also getting the goods on a reasonable amount. This is the healthy sign of our economy,” Mungantiwar added.

He said that PM Narendra Modi has decided to convert India’s economy into a 5 trillion dollars economy. “The net of taxpayers number has been also increased from 7.79 lakh taxpayers to 15.34 lakh taxpayers this year,” the finance minister added.

Source : dnaindia


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