News & Information From Northeast India

Arunachal Pradesh registers 38% GST collection growth in February

Arunachal Pradesh Deputy Chief Minister Chowna Mein on March 14 stated that the Northeast state has registered GST growth of about 38.37 per cent during the month of February 2020 as compared to last year.

Mein attended the 39th Goods & Service Tax Council Meeting at New Delhi on March 14 which also witnessed participation of Union Finance Minister Nirmala Sitharaman and Minister of State for Finance & Corporate Affairs Anurag Thakur.

According to Union Finance Ministry,  GST revenues during the month of February 2020 from domestic transactions have shown a growth of 12 per cent over the revenue during February last year. Goods & Service Tax collection in the month of February this year was Rs 1,05,366 crore.

Kanki Darang, Commissioner, Tax & Excise, Govt of Arunachal Pradesh, who accompanied the deputy chief minister in the GST Council Meeting informed that the 39th GST Council meeting have taken few important decisions some of which includes: the GST Council hiked the rate on mobile phone to 18 per cent from 12 per cent, the Council deferred the perusal of hiking the rates on fertilizers and foot wears due to current economic slowdowns and impact of COVID-19, the filing will be mandatory for taxpayers over Rs 5 crore from Rs 2 crore of annual turnover. The GST council also waived the late fee for delayed filing of annual returns for Financial Year 2018 and 2019 by entities with turnover of less than Rs 2 crore.


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