Uttar Pradesh’s Income Rises 42% YoY in May

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According to the finance department, the state cleared Rs 8,272.55 crore as tax and non-tax revenue in May 2021, a rise of 42% from Rs 5,820 crore assembled a year ago. This is just 52.7% of the target of accumulating Uttar Pradesh’s tax revenues which have risen mainly in May 2021 from the year-ago period but even now in the range of 50% of the target.

 Industrial activities, despite the Covid-19, curfew urged in the state, have helped the slow recovery and the profits are due to an increase in the collection of GST, VAT.

 GST income in May 2021 was Rs 2,771.32 crore, which is 48.1% of the target of Rs 5,764.74 crore for the month, while the VAT revenue of Rs 2,286.44 crore is 90.7% of the target at Rs 2,520.63 crore.

The alcohol excise collection, which is bailing out the government in the previous months, fell in May to Rs 2,138.86 crore, against Rs 2,169.25 crore accumulated last May. While a drop of Rs 30.39 crore against last year’s income is merely 1.5%, the department managed to assemble only 52.5% of the Rs 4,073 crore target set for the month. The state’s performance in assembling Rs 625.03 crore stamp duty is showing a rise of Rs 349.52 crore compared to May 2020. And the collection of the transport’s department is Rs 314.62 crore by a threefold increase over May 2020’s gathering of Rs 99.86 crore, which is just 39.6% of the month’s target.

But the mining department reported a lower revenue of Rs 136.28 crore to Rs 242.24 crore for the same last year which is 60% short of the month’s target of assembling Rs 338 crore. The state’s finance minister, Suresh Khanna said that curfew turned the state into a good performer. And they achieved 52.7% of the target for May. He says that it is also more than the income in the same period last year, up by Rs 2,452 crore. According to the finance department, the state cleared Rs 8,272.55 crore as tax and non-tax revenue in May 2021, a rise of 42% from Rs 5,820 crore assembled a year ago.  

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