An analysis of India’s latest tax report card throws up some new leaders in terms of growth rates. Lucknow has emerged ahead of past leaders like Guwahati and Bhopal as the region with the highest all India growth rate. Kolkata is the most impressive metro, reports CNBC-TV18’s Ashwin Mohan quoting sources.It is learnt that if one looks at the overall all India collection figures those are pretty impressive. All India collection figures on a whole are up by a healthy 17.2% but let’s take a look at the city wise split
In the past we have had the likes of smaller cities like Bhopal and Guwahati emerging as all India leaders in terms of growth rates but this time around we have a new leader and that’s the city of Nawabs Lucknow. Lucknow registering the highest all India direct tax collection growth rate of 55.6%. Lucknow’s tax collection stood at Rs 2170 crore versus Rs 1394 crore.Online GST Certification Course by TaxGuru & MSME- Click here to Join
On the flip side you had Jaipur recording the lowest all India direct tax growth rate of minus1.2%. If you shift focus to the metros they also sprung up a new leader and that’s Kolkata. Kolkata’s collections is up by 28.8%, its collection as a whole stood at Rs 9375 crore versus Rs 7558 crore.
The FM’s backyard that’s Delhi is also doing pretty well. Delhi’s collection is up by healthy 17.8% but it’s Mumbai that continues to pose a concern. It’s the main stay as far as revenue collections are concerned but its growth rates are not particularly as good when you compare it to the other metros.
Mumbai collections up by only 8.8% but sources are indicating that possible revenue receipts from the Vodafone litigation, the Harshad Mehta litigation and healthy December advance tax numbers could help Mumbai’s case. If you move further down south you have the likes of Chennai, its collection is up 18.3%, Bangalore’s collection is up 19.1% and Hyderabad’s collections is up by 17.6%.