HARYANA
Haryana’s revenue receipts down 30% than last year: CAG report
From excise duty to non-tax receipts and GST to stamp and registration duty, the overall revenue collections of the state have slumped by more than 30% this July in comparison to the corresponding period last year.
According to data released by the comptroller and auditor general (CAG), only 16% of the budget estimates for 2020-21 — Rs 89,964 crore — has been realised until July 2020. This is critically short of the Rs 22,221 crore collected during the same period last year against an estimate of Rs 82,219 crore.
The GST regime has, in fact, become a major pain point not only for the ailing industry stakeholders but also for the state government. Collections this year have seen a 31% decline, down to Rs 3,698.7 crore. Non-revenue tax collections, which include revenue from mining, transportation and urban development, have been among the hardest hit. This category has seen a 63% decline, down to Rs 696.9 crore from Rs 1,885.7 crore last year.
The poor recovery of loans and advances also dealt a massive blow to the state’s finances. Compared to July 2019-20, when Rs 5,211.4 crore was recovered against Rs 5,449.4 crore, only Rs 59.2 crore could be recovered this time against an estimated Rs 356.2 crore.
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