Uttar Pradesh govt’s tax collections increase by nearly Rs.20,000 crore, GST, VAT top contributors
The Uttar Pradesh government’s tax collections for the financial year 2024-25 were higher by Rs.19,958.84 crore than the figures for 2023-24.
The state taxes comprising GST (Goods and Services Tax) and VAT (Value Added Tax) continue to remain the top tax-revenue providers for the state government, according to initial data released by the Uttar Pradesh government on Friday.
It collected more than half of its tax revenue from GST and VAT while excise remained the second largest tax earner followed by stamps and registration in 2024-25.
Overall, the state government collected Rs.2,13,287.94 crore taxes in 2024-25 against Rs.1,93,329.10 crore in 2023-24.
Out of the state government’s total tax collections of Rs.2,13,287.94 crore (78.6% of the target), the earnings from the state taxes were Rs.1,14,631.68 crore (73% of the target), including Rs.82,535.14 crore from GST (72.2% of the target) and Rs.32,096.54 crore (75.1% ) from VAT, according to the initial official data.
The state government’s collections from excise -- the second highest tax revenue earner -- were Rs.52,574.52 crore (90.2% of the target) while stamps and registration generated the third largest revenue of Rs.30,205.97 crore (84.7% of the target), minister for finance Suresh Khanna said in a press statement.
The collections from transport were Rs.11,499.01 crore (92% of the target). The energy department realised Rs.3038.22 crore (52.6% of the target) while the land revenue collected was Rs.413.84 crore (48% of the target).
