Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Hindu
The Hindu
National
Special Correspondent

GST collections decline by 12 % in August

Tamil Nadu’s Goods and Services Tax (GST) collections declined 12% to ₹5,243 crore in August 2020 from ₹5,943 crore in August 2019, data released by Union Finance Ministry on Tuesday showed. However, there was a recovery from a 24% fall in July 2020.

In August, more relaxations were granted in the State for commercial activities. In July, intense lockdown was continued in certain districts of Tamil Nadu. in July. Amid the COVID-19 lockdown, the State’s GST collections had declined 24% to ₹4,635 crore in July 2020 when compared to ₹6,084 crore in July 2019. In June 2020, the GST collections declined 15% to ₹4,976 crore from ₹5,881 crore in June 2019.

On Monday, Tamil Nadu had rejected the Centre’s proposal on GST compensation and stated that the Centre Government of India had a moral and legal obligation to pay the compensation for the shortfall in GST collections.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.