Haryana revenue gap exceeds projection

rawan239

2 years ago

Haryanas for the assessment year 2021-22 has exceeded the projection. The state generated Rs 70,289 crore against the expected Rs 94,070 crore announced in the last years budget.

The actual gap in Revenue Receipts has come to Rs 23,781 crore against the projected Rs 15,374 crore. The states excise and finance departments have termed the collection impressive, considering that the business and commercial activities had stalled during the lockdown. The receipts are computed minus the statesborrowings, which are projected to reach Rs 2.29 lakh crore by the fiscal-end.

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This has raised eyebrows.

The state earned Rs 59,230 crore fromtax revenueand it includes Rs 6,438 crore as central share.

Out of the 52,792 crore actual tax revenue, Rs 29,330 crore came from the goods and Services tax (GST), Rs 5,148 crore from stamp duty, Rs 6,792 crore from excise, Rs 8,852 crore from VAT, and Rs 2,396 crore from the transport tax.

Out of the non-tax receipts, Rs 1,970 crore came from the Urban Local Bodies, Rs 1,022 crore from the mining fee, and Rs 585 crore from the transport department.