Gujarat Budget: Nitin Patel presents surplus budget with no new taxes
March 03, 2021
Covid-19 fallout on GST collections as State looks at ₹25,000 cr shortfall Gujarat Finance Minister Nitin Patel on Wednesday presented a revenue surplus budget for 2021-22, without new taxes or tinkering with existing rates.
The Minister projected a revenue surplus of ₹588 crore for the year 2021-22. The existing tax were kept unchanged, while no new tax was introduced considering the impact of Covid-19 lockdown on the economic activities.
GST pick up
Patel, who is also deputy Chief Minister, informed that there would be shortfall in the GST collections for the year 2020-21 owing to the lockdown.