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New Indian Express
7 days ago
- Business
- New Indian Express
Andhra Pradesh taxes show 2.3% rise despite decline of GST in May
VIJAYAWADA: Despite a marginal negative growth rate of 2.24% in gross GST collections, Andhra Pradesh has demonstrated remarkable resilience and efficiency in tax collection, successfully reversing the downward trend observed in November and December 2024, asserts Babu A, Chief Commissioner of State Taxes. In a detailed note issued Monday, he explained that the main reason for the negative growth was due to declines in Cess, SGST, and CGST payments, with reductions of Rs 52 crores (-20.02%), Rs 51 crores (-4.11%), and Rs 40 crores (-4.01%) respectively. However he noted that the overall impact of these declines was minimal on the state's actual revenue, as net revenue collections continue to demonstrate strong performance. The resilience of net collections underscores the effectiveness of state-level tax administration and enforcement efforts in ensuring steady revenue inflows, he stated. Further elaborating, Babu stated that the data from the Goods and Services Tax Network (GSTN), Central and State tax administrations showed divergent revenue trends during April-May 2025. Central tax collections declined by 7.2% year-over-year, while state tax administrations recorded 2.3% growth during the same period.
Time of India
02-06-2025
- Business
- Time of India
Andhra Pradesh marks growth in GST revenue in this year's 1st quarter so far
Vijayawada: Andhra Pradesh has demonstrated remarkable resilience and efficiency in tax collection. It has successfully reversed the downward trend that was observed in November and December, 2024. The state achieved sustained growth in GST revenue during the first quarter of 2025, with April emerging as an exceptional month for revenue collection. This May, net GST collections reached ₹2,714 crore. This was the highest amount collected for the month of May since the introduction of GST. The performance not only signifies effective tax administration but also reflects the positive economic momentum in the state. "The steady increase in tax revenue underscores strength of the state's financial framework and the success of various initiatives designed to enhance tax compliance and enforcement," said Babu A, AP chief commissioner of taxes. This growth in net collections is particularly significant because net revenue represents the actual revenue accrued to the state after accounting for IGST settlements and other components. While gross collections reflect the total tax paid, net collections provide a more accurate indicator of the state's fiscal health by considering the revenues available for state expenditures. The gross GST collections for May, 2025 have registered a negative growth of (-) 2.24%. The main reason for the negative growth is the negative collection in cess, SGST and CGST payment with a decline of ₹52 crore (- 20.02%), ₹51 crore (-4.11%), and ₹40 crore (-4.01%), respectively. However, the overall impact of these negative cess and CGST growth is minimal on the state's actual revenue, as net revenue collections continue to demonstrate strong performance. "The resilience of net collections underscores the effectiveness of state-level tax administration and enforcement efforts in ensuring steady revenue inflows," said Babu. According to data from the Goods and Service Tax Network (GSTN), Central and State tax administrations showed divergent revenue trends during April-May this year. Central tax collections declined by 7.2% year-over-year, while state tax administrations recorded 3.2% growth during the same period. Without the central tax administration's negative performance, the overall gross GST collections would have shown a 3%+ growth rate instead of being dragged down by the central component.
Hans India
22-05-2025
- Business
- Hans India
15% growth targeted in agriculture, allied sectors from Kharif
Secretariat (Velgapudi): With the monsoon season fast approaching, the State government is setting a target of achieving 15 per cent growth rate in agriculture and allied sectors, beginning with the upcoming Kharif season. Agriculture Minister Kinjarapu Atchannaidu emphasised the need for full preparedness and vigilance from all departments to realize this goal. In a video conference held from Velagapudi Secretariat on Wednesday, Minister Naidu issued a series of directives to mandal-level officials from agriculture, horticulture, sericulture, animal husbandry, and cooperation departments across the state. He told the officials to implement the formulated action plan aimed at enhancing gross value addition across various agriculture and allied sectors during this Kharif season. The officials should encourage farmers to shift from traditional crops to more lucrative horticultural crops. Efforts will be made to not only increase agricultural produce and yields, but also ensure that farmers receive fair prices for their produce through coordination with procurement agencies and the establishment of robust market facilities. The Minister for a strong focus to be placed on promoting natural farming practices to reduce the state's reliance on chemical fertilisers. The Minister specifically instructed Cooperation Commissioner Babu A to facilitate loans for tenant farmers holding CCRC (Cultivator Certificate Rights Card) cards. He instructed the officials to conduct extensive inspections to prevent the sale of spurious seeds in the market, protecting farmers from economic losses. Officials are also tasked with promoting the cultivation of fine rice varieties and ensuring the selection and supply of region-specific local rice varieties. The video conference saw the participation of key officials including State Agricultural Mission Vice-chairman Srinivasulu Reddy, AP Seeds Chairman Subba Reddy, Special Secretary for Agriculture & Cooperation Budithi Rajasekhar, Rythu Sadhikara Samstha EVC Vijayakumar, Director of Agriculture Dilli Rao, Cooperation Commissioner Babu A, Director of Horticulture Srinivasulu, Marketing Commissioner Vijayasunita, Director of Fisheries Naik, and AP COB MD from the Secretariat.
Time of India
01-05-2025
- Business
- Time of India
AP mops up GST revenue of Rs 3,560 cr
Vijayawada: Andhra Pradesh has demonstrated remarkable resilience and efficiency in tax collections, with April emerging as an exceptional month for revenue collection. The state mopped up ₹3,560 crore through net GST collections last month, which is the highest since the introduction of GST about eight years ago. The state successfully reversed the downward trend observed in Nov and Dec 2024. "We achieved sustained growth in GST revenue during the first quarter of 2025, through strategic policy implementation and improved compliance measures," chief commissioner of state taxes, Babu A, told TOI. He said the impressive performance not only signifies effective tax administration but also reflects the positive economic momentum in the state. "The net GST collections in April represent the highest revenue since Andhra Pradesh Goods and Services Tax (APGST) Act was introduced in 2017. The IGST settlement of ₹1943 crore is also the highest revenue since 2017. This increase reflects strengthened tax compliance, improved settlement adjustments, and a broader tax base within the state. The growth in net collections is particularly significant because net revenue represents the actual revenue accrued to the state after accounting for IGST settlements and other components," added Babu. While gross collections reflect the total tax paid, net collections provide a more accurate indicator of the state's fiscal health by considering the revenues available for state expenditures. The Centre deducted Rs 796 crore in IGST settlement for the month of April under the adjustment of advance apportionment to make up the shortfall in IGST balance as on March 31. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like They Lost Their Money - Learn From Their Lesson Expertinspector Click Here Undo The collection of Integrated Goods and Services Tax (IGST) has an indirect influence on the net revenues of the state. Under the IGST mechanism defined in the GST Act, the IGST paid by taxpayers within the state is transferred to other states, which impacts the state's overall revenue share if taxpayers adjust the SGST credit against the IGST liability. KEY MEASURES Enhanced compliance with returns, strengthened enforcement strategies, and integration of asset details and bank accounts of defaulters to recover arrears helped boost tax collections. Real-time monitoring of collections and targeted revenue measures enhanced efficiency and accountability in tax administration REPORT CARD (LAST 7 MONTHS) Month | GST | Petroleum | Liquor | Professional Tax | Total Oct 2024 | Rs 2,820 | Rs 1,189 | Rs 87 | Rs 31 | Rs 4,126.28 cr Nov | Rs 2,843 | Rs 1,312 | Rs 74 | Rs 29 | Rs 4,258.55 cr Dec | Rs 2,524 | Rs 1,386 | Rs 106 | Rs 30 | Rs 4,046.02 cr Jan 2025 | Rs 2,904 | Rs 1,377 | Rs 84 | Rs 30 | Rs 4,394.92 cr Feb | Rs 2,937 | Rs 1,383 | Rs 76 | Rs 33 | Rs 4,427.99 cr Mar | Rs 3,116 | Rs 1,426 | Rs 82 | Rs 44 | Rs 4,667.76 cr April | Rs 3,560 | Rs 1,272 | Rs 79 | Rs 35 | Rs 4,946.21 cr (All figures in crore
