{"id":5009,"date":"2024-06-14T01:50:51","date_gmt":"2024-06-14T01:50:51","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=5009"},"modified":"2024-06-14T01:50:51","modified_gmt":"2024-06-14T01:50:51","slug":"last-month-maharashtra-gst-receipts-down-36-over-april-but-up-59-from-may-2020","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/last-month-maharashtra-gst-receipts-down-36-over-april-but-up-59-from-may-2020\/","title":{"rendered":"Last month Maharashtra GST receipts down 36% over April, but up 59% from May 2020"},"content":{"rendered":"

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<\/a>-notes-for-state-psc-exams”>Agriculture<\/a>, manufacturing, construction and essential Services<\/a>. Currently, non-essential retail has been allowed to open in a limited manner.<\/p>\n

GST collections in April reflected the transactions made in March. However, receipts in May reflect the transactions after the lockdown-like curbs began.<\/p>\n

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.<\/p>\n

GST is a consumption-based tax and is an indicator of economic activity.<\/p>\n

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.<\/p>\n

The state has been pressing the Centre to settle its pending GST compensation dues, which are currently Rs 24,000 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"

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<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1094],"tags":[620],"class_list":["post-5009","post","type-post","status-publish","format-standard","hentry","category-maharashtra","tag-02-06-21"],"yoast_head":"\nLast month Maharashtra GST receipts down 36% over April, but up 59% from May 2020 - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/last-month-maharashtra-gst-receipts-down-36-over-april-but-up-59-from-may-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Last month Maharashtra GST receipts down 36% over April, but up 59% from May 2020\" \/>\n<meta property=\"og:description\" content=\"In a clear indication of the economic hit of the lockdown-like restrictions inMaharashtra, state GSTcollectionsplummeted by 36.4% between April and May. 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