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The Southern India Mills’ Association

Committed to Foster the Growth of the Textile Industry

TS tops in GST collection

The State has achieved another distinction as number one in the country in terms of tax collection under the Goods and Services Tax regime.
The State had successfully brought down the revenue gap in GST collections to 2.4% by the end of the financial year 2018 from 27.8% witnessed during July 2017, the month when the GST regime was put in place.
Union Finance Secretary Hasmukh Adhia addressed a letter to the State government, congratulating it on the achievement. The Union official hoped that the State would soon become revenue-surplus from the present revenue-deficit status.
Mr. Adhia said the performance of GST collection was improving with some ups and downs. The overall revenue gap in the country which was 28.3% in July came down to 17.9% in March. There have been spikes in the revenue gaps in November, December and February. It was important to bring down the revenue gap figure steadily with better compliance and supervision, he said.