K’taka Additional Chief Secretary LK Atheeq responds to Mohandas Pai’s doubt on GST growth rate
Bengaluru: In a recent statement made by the Ministry of Finance on Wednesday, May 1, it was announced that the Goods and Services Tax (GST) revenue collection for April 2024 has reached an unprecedented high, soaring to Rs 2.10 lakh crore. The GST collections breach the landmark figure of ₹2 lakh crore for the first time. The data revealed a 12.4% year-on-year growth in gross revenue, with net revenue (after refunds) standing impressively at ₹1.92 lakh crore, showcasing a notable 17.1% year-on-year growth.
The news sparked a conversation on social media platforms, with Indian businessman TV Mohandas Pai expressing concern over the apparent slowdown in the growth rate of GST in Karnataka. In a tweet directed at Chief Minister Siddaramaiah and other key figures, Pai highlighted the worrisome trend and called for a review by the Government of Karnataka (GOK).
Responding to Pai's apprehension, the additional Chief Secretary to the Karnataka government, LK Atheeq, offered a clarifying perspective. Atheeq contested Pai's assertion, emphasizing that the figures cited by Pai pertain solely to the month of April 2024 compared to April 2023. He further provided data, presenting a comparative analysis of Karnataka's GST collection growth rate in the fiscal year 2023-24. According to Atheeq, Karnataka has witnessed an 18% growth rate in GST collection, outperforming the national average of 12%. He also juxtaposed Karnataka's growth with other states such as Maharashtra and Gujarat, both recording growth rates of 18% and 10% respectively.
Atheeq stated that when viewed in the context of the preceding fiscal year, the growth rates appear lower for all states due to the exceptionally high growth witnessed during the COVID-affected year of 2021-22.
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— ಎಲ್ ಕೆ ಅತೀಕ್ L K Atheeq (@lkatheeq) May 2, 2024
So, the GST collection in Karnataka is not slowing down.
When compared to 2022-23 the growth rates are lower for everyone because 2022-23 growth is over the COVID year of 2021-22 & hence it is very high. @TVMohandasPai
👉 #GST revenue collection for April 2024 highest ever at Rs 2.10 lakh crore
— Ministry of Finance (@FinMinIndia) May 1, 2024
👉 #GST collections breach landmark milestone of ₹2 lakh crore
👉 Gross Revenue Records 12.4% y-o-y growth
👉 Net Revenue (after refunds) stood at ₹1.92 lakh crore; 17.1% y-o-y growth
Read more… pic.twitter.com/Ci7CE7h35o
@CMofKarnataka @siddaramaiah @DKShivakumar @lkatheeq Worrisome sign, after long time Growth rate of GST slowing down in Karnatak. GOK needs to review https://t.co/AMktMCeHhk
— Mohandas Pai (@TVMohandasPai) May 1, 2024
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Goa: Woman killed, colleague injured after Mini Cooper crashes into bike; businessman’s son held
Panaji (PTI): A 23-year-old woman employee of a five-star hotel was killed, and her male colleague seriously injured after a speeding luxury car allegedly driven by a businessman's son rammed into their motorcycle in North Goa, police said on Tuesday.
The police on Monday arrested Darius Dias (22) in connection with the accident, which took place in the Dona Paula locality near here on Sunday night, an official said.
Dias, who was allegedly driving a Mini Cooper, rammed the vehicle into the motorcycle, he said, adding that the car bore a temporary number plate, installed before a vehicle is registered with the Regional Transport Office (RTO).
Diksha Parwadkar, who was riding pillion on the motorcycle, was declared dead on arrival at a private hospital, while her colleague D Arunkumar (26) remains in a critical condition, the official said.
The duo were employed at a five-star hotel and were returning home after completing their night shift, he said, adding that a probe is underway.
