Nashik Division Witnesses Clear Hike of 12% in its SGST/CGST Collection

Nashik division has witnessed a hike in its Good and Service Tax (GST) revenue collection. The considerable growth of 12.36% was seen in the Jan-April period of FY 2019-20 when compared to the same in FY 2018-19.

The gross revenue GST collection Comparing with the numerals of January 2019, a clear hike of 12% is witnessed in the gross collection of GST for January 2020 month of the Nashik division is Rs. 2,590 crore for the aforesaid period of the current financial year while the same period generated around Rs. 2,305 during the last Financial Year. The revenue collection on the Central level grossed Rs. 2,825 crore in the Jan-April period of the previous financial year.

The Nashik Division of CGST sent cordial notices to 1,500 tax defaulters seeking them to sort out their prior tax dues at the earliest. Nashik Division under CGST has been given a compiled surveillance of five districts namely Nashik, Ahmednagar, Dhule, Jalgaon, and Nandurbar. Similar areas are controlled by the Nashik divisional office of the State GST department.

Out of 1.25 Lakh businesses registered with GST office Nashik division approx 65,000 businesses are registered under the jurisdiction of Nashik divisional office of the State GST and 60,000 businesses are under the jurisdiction of Nashik divisional office of the Central GST.

With the commencement of GST from 1 July 2017, the entire tax regime was transformed replacing several Indirect taxes These types of taxes paid on Consumption by the consumer but they do not pay directly to the government (unlike income tax). For example, GST, Sales Tax, VAT, Custom Duty and Octroi Tax and tax liability criteria. Following the commencement of GST, all the businesses earning less than Rs. 20 Lakh per annum was declared tax-exempt and the businesses with annual turnover up to Rs 1 Crore were made eligible for availing composition scheme.

Since the implementation of GST, the country has witnessed a lot many amendments in the laws among which the prominent was the increase in the exemption limit from Rs. 20 lakhs to rs. 40 Lakhs. It is for the first time that the office of the commissioner of the GST Nashik Division has initiated an event focussing on the stress-free environment for the staff and also making room for some recreational activities (enhancing the arts and cultural qualities of the staff). The participants in the aforesaid event will be the staff members of CGST (entire Maharashtra, excluding Mumbai Zone).