PANAJI: Chief Minister Pramod Sawant said that the Swayampurna Goa programme, Ease of Doing Business (EoDB) is putting Goa on the path of economic growth, offering more economic opportunities.
“The Swayampurna Goa programme, Ease of Doing Business (EoDB) is putting Goa on the path of economic growth, offering more economic opportunities,” Sawant said.
With a rise of 32 per cent GST collection for the month of April, compared to the same month of last year, Goa Chief Minister Pramod Sawantsaid that it is “a new record” for the state.
“Rising GST revenues despite low rates shows enhanced tax compliance, integration of the economy at state, as well as at national level,” he added.
Sawant, while presenting a budget with the gross expenditure at Rs 26,844.40 crore for 2023-24, has focused on tourism for revenue collection along with mining.
“We have done such planning and financial management that after two years, we will not require to take loans. We will have mining revenues, GST collections, excise revenues, and 36 per cent share from the Manohar International Airport at Mopa,” Sawant recently said.
In April, 2023, GST collection grew by 12 percent to 1.87 lakh crore rupees, which is the highest monthly collection since the introduction of the tax regime. Out of the gross GST revenue of rupees 1, 87, 035 crore in the month of April, the CGST is 88, 440 crore rupees, SGST is 47, 412 crore rupees, IGST is 89, 158 crore rupees, and cess is 12, 025 crore rupees.
The second highest GST collection was recorded in the month of April last year at 1.68 lakh crore rupees. The finance ministry, in a statement, said, “The revenues for the month of April, 2023 are 12 percent higher than the GST revenues in the same month last year’.
During April, 2023, the revenues from domestic transactions, including import of services, are 16 percent higher than the revenues from these very sources during April, 2022. In the month of March, the GST collection was 1.6 lakh crore rupees.