Revenue collection drops by Rs 5,000 crore in Jharkhand
The Jharkhand government’s income through revenue receipts and taxes has fallen by over Rs 5,000 crore from the last year. In between April 1 and October 31 of the ongoing fiscal, the state government collected total receipts worth Rs 30,753.27 crore. The government’s earnings between the same period in the 2019-20 FY stood at Rs 35,068.82 crore.
The state’s earnings from revenue receipts and tax revenue (from direct and indirect taxes) stood at Rs 27,534.23 crore and Rs 17,699.43 crore, respectively. The state’s earnings from its share of central taxes stood at Rs 9,845.43 crore, which fell by Rs 1,670.62 crore from last year.
The state’s own tax revenue, which comprises excise duty, SGST, stamp duty, land revenue and registrations among others, stood at Rs 7,586.4 crore. It fell by Rs 983.13 crore from this period in the last fiscal. The earnings through non-tax revenue stood at Rs 9,834.8 crore.
The state’s gross earnings hovered around Rs 65,000 crore in the last fiscal.
“Even though the revenue collection suffered a jolt due to the lockdown, there certainly are green shoots developing in the past few months. Various sectors like transport, mining and others are picking up gradually, which is a good sign,” finance secretary Himani Pandey told TOI.
