Chandigarh's GST collection sees drop for third straight month
The gross the Goods and Services Tax (GST) collection has continued to decline in the past three months in the city. After witnessing the highest-ever tax generation in May, the figures witnessed a decline in the following months in comparison to the gross levy collected during the corresponding period last year.
The UT Excise and Taxation Department saw a drop of 2 per cent in June this year and the tax collection dropped to 5 per cent in July and witnessed a further decline of 12 per cent in August.
According to data released by the Ministry of Finance, the GST collection for August this year stood at Rs 214 crore, which is Rs 30 crore less than Rs 244 crore mopped up in the same month last year.
Similarly, the tax collection in July stood at Rs 221 crore, which was Rs 12 crore less than Rs 233 crore collected in the same months last year. The collection for June this year stood at Rs 220 crore, which was Rs 4 crore less than Rs 224 crore mopped up in the same month last year.
At Rs 363 crore, the UT had registered a record increase of 53 per cent in the gross GST collection in May. The collection was Rs 237 crore, which was Rs 126 crore more than collected during the same month in 2024.
The city had also seen a 7 per cent hike in the GST collection in April this year at Rs 334 crore, which was Rs 21 crore more than Rs 313 crore collected during the same month last year.
Unlock Exclusive Insights with The Tribune Premium
Take your experience further with Premium access.
Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits
Already a Member? Sign In Now