Kolkata: The Narendra Modi-led Centre has congratulated the Bengal government for its success in registering a revenue surplus and rapidly bringing down the revenue gap in the State Goods and Services Tax (GST).
Union finance secretary Hasmukh Adhia had written to state chief secretary Maloy De on April 13, praising the state for overcoming the revenue shortfall.
West Banerjee CM Mamata Banerjee has tweeted that the Centre congratulated Bengal for not only rapidly bringing down the revenue gap in state GST but also registering a revenue surplus in March 2018.
She maintained: “The revenue gap in Bengal, which was 33.4% in August, 2017 has registered a surplus of 3% by March, 2018. The performance of the state has been far better than that of the country as a whole. Where Bengal achieved a surplus of 3% in March, 2018, the country as a whole registered a revenue deficit of 17.9% in March, 2018. My best wishes to all. I thought of sharing this with all of you.”
Incidentally, Bengal has reported an overall 16% jump in revenue collections — from Rs 45,000 crore in 2016-17 to Rs 52,690 crore in 2017-18, the first year of GST.
The Union Finance Secretary Hasmukh Adhia stated that “…The overall revenue gap in SGST collection for the whole country in July was 28.3 percent which has come down to 17.9 percent in March. However, there have been spikes in between in the revenue gap in the month of November, December and February…
“As far as West Bengal is concerned, the revenue gap has come down… The revenue shortfall in West Bengal has been coming down steadily but there seems to have been a spike of a major gain in March where suddenly your revenue deficit has now become revenue surplus. I would like to congratulate West Bengal for such a performance…”