Uttar Pradesh Finance Minister Suresh Khanna said that a significant increase of Rs 2,544.21 crore had been registered in collection of tax and non-tax revenue in August this year as compared to the same month in the last 2020-21 fiscal.
Khanna said that against the collection of Rs 9,545 crore in August last year, the collection this year in August was Rs 12,089 crore.
The minister further said that the goods and services tax (GST) collection in August, 2021 was Rs 4,814 crore against Rs 3,497 crore in August, 2020 while collection of value-added tax (VAT) in August 2021 was Rs 2,462 crore against Rs 1,831 crore in August last year.
“Similarly, collection from excise duty on alcohol was Rs 2,432 crore in August this year against Rs 2,310 crore in August last year, collections from stamps and registration in August 2021 was Rs 1,735 crore against Rs 1,301 crore in August 2020, collection from tax on transport was Rs 508 crore in August 2021 against Rs 431 crore in August 2020 and tax collection from geology and mining in August 2021 was Rs 136 crore against Rs171 crore in August 2020,” Khanna said.
The finance minister said that in the first quarter of 2021-22 fiscal ending on June 30, the total collection from state taxes was Rs 30,156 crore against target of Rs 44,826 crore which is 67 per cent of the target, and collections from non-tax revenue was Rs 1,953 crore against the target of Rs 6,067 crore which is 32.2 per cent of the target.
On the price of petrol and diesel, the finance minister said that UP had the lowest VAT on both petrol and diesel as compared to other states.
“In UP, only 17.48 per cent VAT or Rs 10.41 per litre tax is imposed, whichever is higher, and effective tax on petrol is Rs 13.07per litre. On diesel, the VAT rate is 26.80 per cent or Rs 18.74 per litre and effective tax rate charged from consumers is Rs 20.14 per litre.