Hyderabad: Telangana state has contributed nearly five per cent to the country’s GST kitty when the deadline to file first tax returns under the new tax regime ended on Monday.
While the GST collected from the entire country for the month of July was Rs 65,000 crore, TS contributed Rs 3,200 crore within the deadline. Interestingly, the GST was paid by only 34,000 traders while the total number of GST-registered traders is 2.05 lakh.
Principal secretary, commercial taxes department, Somesh Kumar, said that though there are 2.05 lakh GST registered traders in the state, only 34,236 traders are major traders, who account for 99.05 per cent of the total taxes collected.
“Even during the previous VAT regime, the trend was the same. About 32,000 traders out of 1.90 lakh VAT registered traders used to contribute 95 per cent of the total taxes collected.
In the GST regime, over 34,000 traders have filed their first returns, which shows that there is no decrease in tax collection in the GST regime,” Mr Kumar added.
He said out of the total amount of the GST collected, the Centre got Rs 444 crore through various cesses. While Rs 781 crore was collected under SGST, Rs 878 crore was collected under IGST.
Another Rs 505 crore was collected under CGST. Mr Kumar said the state will get a share in IGST, which will be credited into the account of the state government later.
