Andhra Pradesh’s Net GST Collections at Highest-Ever Rs 2,930 Crore in July

admin

Andhra Pradesh's Net GST Collections at Highest-Ever Rs 2,930 Crore in July

Vijayawada: Andhra Pradesh’s net GST collections have crossed Rs 2,930 crore for July with gross collections of Rs 3,803 crore — the highest ever in July since the GST system was rolled out in 2017.In the last four months from April, AP recorded the highest-ever gross and net GST collections compared with the same months the previous financial years. Chief commissioner of state tax, A Babu, said in a statement here on Friday that the net GST collections increased by 12.2 per cent in July this year, compared to the same month the previous year. The gross GST collections also recorded the healthy growth of 14 per cent this July compared to the same month last year. Meanwhile, SGST collections showed a double digit growth. They touched Rs 1,226 crore marking an impressive 14.47 per cent growth. The state received an IGST settlement of Rs 1,704 crore in July this year, reflecting a 10.69 per cent year-on-year increase and signifying effective monitoring. The notable rise in net GST collections, compared to July 2024, is due to improved tax compliance, streamlined IGST settlements and a steady growth in tax base, it was stated. Babu said, “Rising revenue from petroleum products over the last three months indicated increased economic activity and improved tax compliance within the sector. Professional tax revenue surged by 51 per cent in July 2025 alone, with a cumulative growth of 55 per cent up to July 2025, compared to the same period the previous year, by reflecting the expanding coverage and improved enforcement efficiency.” Key steps taken to increase tax collections, he said, included “central and state coordination, strategic deployment through performance-based transfers, IGST reversal of parked amount, robust data analytics, increased return compliance, stronger investigation mechanisms, launching compliance drive against defaulters, identifying assets and bank accounts of defaulters and monitoring officers’ performance using clearly defined performance indicators to ensure accountability and efficiency.”



Source link