AP tax collection

[manadonga]

1 hour ago, ParmQ said:

VIJAYAWADA: The COVID-induced lockdown has had an adverse impact on the revenues of the State government. The revenue collection of the Commercial Taxes department in the first quarter of 2020-21 (April 1 to June 30, 2020) was only 45.33 per cent of the target.

As against the target of Rs 13,425.77 crore in the first quarter of the fiscal, revenue collection of the department stood at Rs 6,086.41 crore, a 44.7 per cent drop in comparison to the Rs 11,005.49 crore collected in the same period last yea r (2019-2020). 

However, the officials of the Commercial Taxes department expressed hope that revenue collection will pick up pace in the coming months. GST revenue, petroleum products, liquor and professional taxes come under the Commercial Taxes department. In April, only Rs 1,444.41 crore was collected by the department against the monthly target of Rs 4,858.35 crore, a meagre 29.73 per cent, because of the strict enforcement of the lockdown. 

However, following the partial exemptions, there was a marginal increase in revenue collection in May (32.91 per cent) and the collections went up by 76.09 per cent by Juneend, taking the cumulative revenue in the first quarter to 45.33 per cent of the target.

The data of revenue collections in the first quarter, accessed by TNIE, shows that the revenue from petroleum products stood at 57.38 per cent, followed by GST revenue, 51.40 per cent. However, the revenue from liquor stood at 21.5 per cent. The sale of liquor was nil in April because of the closure of all liquor outlets and bars.

Though the liquor business was commenced from May, the revenue fell short as only Rs 693.51 crore was generated as against the target of Rs 3,294.34 crore in the first quarter. Chief Commissioner (Commercial Taxes) Peeyush Kumar felt that the results of June are encouraging and said they were hopeful of revival of the economy and increase in revenue collections in the coming months.

 

 

 

Jaggadi torture ki liqor kuda evadu konatam ledu anta donga sara out of state mandu ante

[aakathaai789]

1 hour ago, ParmQ said:

Looks like @Hydrockers posted pure BS from his clone id. First quarter this year collected Rs 6,086.41 crore against 11005.49 crore last year.

 

As against the target of Rs 13,425.77 crore in the first quarter of the fiscal, revenue collection of the department stood at Rs 6,086.41 crore, a 44.7 per cent drop in comparison to the Rs 11,005.49 crore collected in the same period last yea r (2019-2020).  

Land registrations revenue stats unte veyy

[Hydrockers]

1 hour ago, ParmQ said:

Looks like @Hydrockers posted pure BS from his clone id. First quarter this year collected Rs 6,086.41 crore against 11005.49 crore last year.

 

As against the target of Rs 13,425.77 crore in the first quarter of the fiscal, revenue collection of the department stood at Rs 6,086.41 crore, a 44.7 per cent drop in comparison to the Rs 11,005.49 crore collected in the same period last yea r (2019-2020).  

Arey bokkada mods mi valle ga doubte unte kanuko

[vincent]

One more statistic , as per official data , the peviously estimated GDP growth rate for 2018-19 has been revised downwards to 4.45 percent at constant prices over 2017-18 and 8.16 percent in 2019-20 against 2018-19 . 
AP GDP 

2017-18 18-19 19-20

793186

862957

972782

Data is at constant 2011-12 prices . Regarding tax collections , one can visit CAG website for official statistics.

[ParmQ]

1 minute ago, vincent said:

One more statistic , as per official data , the peviously estimated growth rate for 2018-19 has been revised downwards to 4.45 percent at constant prices over 2017-18 and 8.16 percent in 2019-20 against 2018-19 . 
AP GDP 

2017-18 18-19 19-20

793186

862957

972782

 

Post that official data links man. It seems what you posted is pure BS. Your first post in this thread doesn't look correct. Its just pulled out of air or some cooked up figures.

[vincent]

The tax collections data is compared with respect to previous financial year first quarter , one can always take official data as accurate. The government data is accurate. One can check state budget estimates in order to  get to know GDP growth estimates for 2019-20 .

[AndhraneedSCS]

Here is official information

 

Appula tappa edi 25% kante exceed avvaledu during the first 3 months (quarter) 

 

https://cag.gov.in/sites/default/files/account_report_pdf/MKI JUNE 2020.pdf  

[Hydrockers]

1 minute ago, AndhraneedSCS said:

Here is official information

 

Appula tappa edi 25% kante exceed avvaledu during the first 3 months (quarter) 

 

https://cag.gov.in/sites/default/files/account_report_pdf/MKI JUNE 2020.pdf  

Worlds best economist nirmala ji suggested anta ga appulu chesukomani

[vincent]

So one can see that tax collections increased by double digit growth and state GDP growth is fast .  FRBM borrowing limit was raised to 5 percent of state GDP from 3 percent previously .

[AndhraneedSCS]

1 minute ago, Hydrockers said:

Worlds best economist nirmala ji suggested anta ga appulu chesukomani

First 3 months lone 33,000 crores appulu chesaru ante... July, Aug, Sep quarter lo inko 30,000 crores appulu chesi untaru... ee lekkana this year lo mottam oka 1 Lakh crores appulu add avuthayi...

 

Next year nundi  interest ee oka 10,000 crores per year peruguddi 

[AndhraneedSCS]

6 minutes ago, vincent said:

So one can see that tax collections increased by double digit growth and state GDP growth is fast .  FRBM borrowing limit was raised to 5 percent of state GDP from 3 percent previously .

Emi cheppali ani anukuntunnavu? last year elections valla I think they dont have Budget estimates and so numbers are not relevant 

[Hydrockers]

2 minutes ago, AndhraneedSCS said:

First 3 months lone 33,000 crores appulu chesaru ante... July, Aug, Sep quarter lo inko 30,000 crores appulu chesi untaru... ee lekkana this year lo mottam oka 1 Lakh crores appulu add avuthayi...

 

Next year nundi  interest ee oka 10,000 crores per year peruguddi 

10% interest ki testunara money ? Then it will be worst decision

Paina aa @vincent cheppinattu FRBM limit valla appu lu testunadu ante anni states testunaya ir only telugu states (TG la kuda gattiagane appulu anuko )

[vincent]

State economy is growing rapidly. At a time when many economies are in recession,  AP managing to grow faster is a positive indicator .

[Ryzen_renoir]

39 minutes ago, AndhraneedSCS said:

Here is official information

 

Appula tappa edi 25% kante exceed avvaledu during the first 3 months (quarter) 

 

https://cag.gov.in/sites/default/files/account_report_pdf/MKI JUNE 2020.pdf  

every state government in india / hell even America borrowed to the hilt due to covid lockdown .  

https://bipartisanpolicy.org/report/deficit-tracker/ 

American deficit per month 

April 2020 200% more over 2019

May 2020 300% over 2019

June 2020 500% over 2019

July 2020 500% over 2019

European deficits are also similar or worse . Veelu kooda Mana Jalagan policy follow avuthunarey . Meeru America ni vadhili amaravathi vacheyandi

 

[AndhraneedSCS]

2 minutes ago, Hydrockers said:

10% interest ki testunara money ? Then it will be worst decision

Paina aa @vincent cheppinattu FRBM limit valla appu lu testunadu ante anni states testunaya ir only telugu states (TG la kuda gattiagane appulu anuko )

I think Govt now a days is spending a lot on interest. 

 

I am assuming 10% as I have seen Amaravathi bonds and other things in the past at 10.5% or so interest. I don't know the actual values though.

 

I think 10% is reasonable due to the states leverage.