Just a moment...
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
Kolkata, Apr 6 (PTI) West Bengal Chief Minister Mamata Banerjee on Sunday said the state is steadily progressing in its own resource mobilisation efforts and has achieved 11.43 per cent growth in GST collection in 2024-25 financial year, which is two per cent more than the national level.
Banerjee said West Bengal in the 2024-25 financial year recorded a GST collection of Rs 4,808 crore more than the preceding year.
"Glad to share that West Bengal is steadily progressing in its own resource mobilisation efforts, which is evident from the fiscal results compiled at the end of the FY 2024-25. In GST in 24-25, we have collected Rs 4,808 crore more than the preceding year, which shows 11.43% growth. This is 2 per cent more than the national level (9.44 per cent), and is demonstrative of our increasing internal financial strength," Banerjee posted on X.
The Bengal CM said that in "registration and stamp duty, the number of deeds registered has increased by sixty thousand, which shows the dynamism of our market." In this context, the collection in 24-25 has been Rs 1,908 crore more than the previous year, which is a growth of 31.05 per cent, she said.
"All this shows that we believe in self-reliance and fiscal discipline, and our administration is serious about streamlining the state finances for the welfare of the people of Bengal," Banerjee said.
She congratulated the state Finance department, and "everybody indeed for cooperating with us". PTI SCH RG
GST growth signals stronger state resource mobilisation as collections outpace national level, reinforcing fiscal self reliance. West Bengal reported an 11.43% year on year rise in Goods and Services Tax collections in 2024 25-Rs 4,808 crore more than the prior year-outpacing the national GST growth rate by two percentage points; registration and stamp duty receipts also rose, with 60,000 additional deeds registered and a reported Rs 1,908 crore (31.05%) increase, reflecting strengthened state revenue mobilisation and fiscal discipline.Press 'Enter' after typing page number.