Last month Maharashtra GST receipts down 36% over April, but up 59% from May 2020

In a clear indication of the economic hit of the lockdown-like restrictions inMaharashtra, state GSTcollectionsplummeted by 36.4% between April and May. The curbs announced to control the second wave of Covid clamped down on most sectors barring Agriculture-notes-for-state-psc-exams”>Agriculture, manufacturing, construction and essential Services. Currently, non-essential retail has been allowed to open in a limited manner.

GST collections in April reflected the transactions made in March. However, receipts in May reflect the transactions after the lockdown-like curbs began.

The latest data shows that GST collections decreased from Rs 22,012 crore in April to Rs 13,399 crore in Maya fall of Rs 8,130 crore.

GST is a consumption-based tax and is an indicator of economic activity.

Maharashtra had ended the pandemic-struck year of 2020-21 with GST collections that were 11% lower than 2019. Data showed that the state collected 1.6 lakh crore worth of GST in 2020-21 compared to 1.8 lakh crore in 2019-20. The receipts had dipped by Rs 20,609 crore.

The state has been pressing the Centre to settle its pending GST compensation dues, which are currently Rs 24,000 crore.