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Saturday, January 16, 2021

    Assam records high GST revenue in October

    Finance Ministry said the country’s GST collections have crossed the Rs 1 lakh crore marks in October

    GUWAHATI: Assam has registered high GST revenue in the month of October this year in comparison to the GST collection in the same month last year.

    According to the state’s finance minister Himanta Biswa Sarma, Assam recorded a growth of 41.21 % in October 2020 (Rs 912.80 Cr) in vis-a-vis October 2019 (Rs 646.40 Cr).

    “It’s huge,” Sarma said.

    Similarly, neighbouring state of Meghalaya also registered a jump of 40.30% in its GST collection in the month of October 2020 compared to the same period last year.

    Meghalaya chief minister Conrad Sangma tweeted: “Pleased to inform that #Meghalaya has witnessed 40.30% jump in the GST collections for the month of October 2020 compared to same period last year. Rs 90.27 crore vs Rs 64.34 crore.”

    According to the Finance Ministry too, the country’s GST collections have crossed the Rs 1 lakh crore marks in October. The COVID-19 pandemic and the subsequent lockdown had as such dented economic activity.


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