Telangana’s revenue looks up

Collection of ₹6,800 crore posted in April and ₹5,200 crore in May

The State’s finances are looking up after being hit by the COVID-19 pandemic for several months with over ₹12,000 crore revenue reported during the first two months of the current financial year. Total revenue during April was a little over ₹6,800 crore and in May it was ₹5,200 crore in spite of the lockdown restrictions allowing free movement of people and conduct of businesses for only four hours for a couple of weeks. That the State is returning to normal in terms of revenue can be seen from the fact that there is an increase in revenue collection in all sectors, including VAT on petroleum products, Excise duty and Goods and Services Taxes, during the two months. Revenue from commercial taxes department, including SGST, IGST and other heads during the two months, was reported at ₹4,444.78 crore as against ₹1,444 crore in the corresponding period in previous fiscal when the State was under total lockdown for around a month and a half. Value-added tax on petroleum products during the same period was ₹2,034 crore as against ₹292 crore of the same period previous year.