Uttar Pradesh Finance Minister Suresh Khanna, on Thursday, said that the state's revenue collection improved to Rs 13,974 crore in July this fiscal, which was Rs 1318.97 crore more than the collections reported in July last fiscal.
Khanna said that the revenue collection in the month of July 2021-22 was Rs 12,655.85 crore.
Addressing reporters here on Thursday, Khanna said that Rs 5,043.90 crore was received under goods and services tax (GST), whereas the receipt in the month of July, 2021 was Rs 4,697.99 crore.
“The department was able to realise 78 per cent of the targeted GST revenue of Rs 6,452.55 crore by collecting Rs 5,043.90 crore in July. Under value-added tax (VAT), revenue amounting to Rs 2,535.32 crore was received in July whereas last year VAT collection in July was Rs 2,328.34 crore. Under this head, 82.3 per cent revenue collection has been made against the target of Rs 3,080.66 crore,” he said.
Khanna said under the head excise, Rs 3,260.84 crore was received whereas last year in the month of July the receipt under this head was Rs 2,795.49 crore.
“The target was to collect Rs 4,666.52 crore, and thus the department was able to collect 69.9 per cent of the targeted collection,” he said.
Similarly, the revenue receipt for the month of July, 2022 under stamps and registration was Rs 2,285.42 crore, while the revenue receipt for the month of July 2022 from transport was Rs 694.74 crore, whereas in the month of July, 2021 last year, the receipt under this head was Rs 612.07 crore.
“The government has recorded an increase in revenue collection in mining as Rs 154.60 crore was collected in July 2022 against Rs 132.67 crore collected in July last year,” the minister said.
Under VAT, till July 2022-23, Rs 9,002.35 crore has been collected against the target of Rs 9,530.53 crore, which is 94.5 per cent of the target.
Khanna said that the rate of VAT per litre petrol and diesel in Uttar Pradesh was less as compared to other states. At present, VAT on petrol is Rs 15.08 per litre and on diesel is Rs 12.76 per litre.
“Despite the COVID-19 pandemic, economic activities are on the upswing which is reflected in the revenue collection,” the minister said.