In a sign of revival in the city economy hit by COVID-19 pandemic and the subsequent lockdown, the Delhi government collected Rs 5,281 crore GST in the first quarter of the current financial year, officials said.
Delhi was under complete lockdown due to surge in Covid cases in the second wave, from April 19 till May 31, following which phased unlock process began with allowing construction and manufacturing activities.
In April-June 2021-22, the Goods and Services (GST) tax collection was Rs 5,281 crore that was higher than Rs 2,943 crore in the corresponding period last year, said a senior Delhi government officer.
The increase in GST is a sign of growing commercial and trade activities after the coronavirus-induced lockdown, he said.
Tax officials of the Delhi government said total revenue earning through GST, VAT and excise tax in the first quarter of the current financial year was over Rs 5,753 crore.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU