Lockdown pulls down Madhya Pradeshs GST collection 37% in April

Corona virus triggeredlockdowninMadhya Pradeshduring the second surge has badly hit tax collection in the state affecting the financial Health of the already cashstrappedShivrajgovernment.

Roughly, there has been a 37% decline in theGST collectionof Madhya Pradesh in the month of April, when lockdown was imposed from the middle of the month.

States othersourcesof revenue including income from liquor sales and petrol and diesel also dried up during the lockdown. While the liquor shops were completely shut down, petrol diesel sales went down by about 30% compared to the previous month.

There was a major dent in the revenue accrued to the state as settlement of the State GST (SGST) and the Integrated GST (IGST) of the state.

It went down from Rs 2,021 crore in March this year to only Rs 1,100 crore in April, a decline of almost 46% according to finance department figures.

UPSC
SSC
STATE PSC
TEACHING
RAILWAY
DEFENCE
BANKING
INSURANCE
NURSING
POLICE
SCHOLARSHIP
PSU