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Maha GST toll: Collection soars to 22% in Oct

DNMUM402400 | 12/5/2017 | Author : Sanjay Jog | WC :362 | Business & Economy

DNA Exclusive

Mumbai: Maharashtra, which is a major manufacturer and also enjoys the lion’s share in exports, has bucked the trend with a 22.07 per cent rise in Goods and Services Tax (GST) collection at Rs 9,783.2 crore this October, compared to Rs 8,014.16 crore for the same month last year during the VAT regime. The rise is crucial for the state when the total GST collection for October at the national level slipped by almost 10 per cent to Rs 83,346 crore as compared to Rs 92,000 crore in the previous month.
Further, an increase in tax collection will provide the state with partial relief as it already imposed a 30 per cent cut in budgetary spending in view of likely hit due to crop loan waiver.
The state’s GST collection in July rose to R
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