Avg shortfall in state GST revenue narrows to 17.6% in October 2017

GST revenue collection for Oct at Rs.951.3 bln

by Arjit Singh Bhambra

The average shortfall in GST revenue share of states has narrowed down to 17.6 per cent in October 2017, as per a report in Livemint. This is lower than the revenue shortfall of 24 per cent in September 2017 and 28.4 per cent in August 2017. The combined GST revenue collection in October 2017 increased by two per cent to Rs. 951.3 billion from the preceding month. Consequently, GST receipts of states witnessed a growth of over 44 per cent in September (from the previous month) and further by 8.5 per cent in October to Rs.356.3 billion. While Delhi leads the list of states and union territories with least revenue shortfall, followed by Maharashtra, Andhra Pradesh, Tamil Nadu, Telangana, Kerala, Haryana and Gujarat. The problem of revenue shortfall is acute for Puducherry, Uttarakhand, Himachal Pradesh, Chhattisgarh, Bihar and Goa.

References
1. http://www.livemint.com/Politics/EBCd6j9gR2TWNf50bXpa3H/Fear-of-revenue-loss-abates-as-GST-collections-gain-momentum.html
CMIE STATISTICS
Unemployment Rate
Per cent
6.1 -0.1
Consumer Sentiments Index
Base September-December 2015
93.3 -0.2
Consumer Expectations Index
Base September-December 2015
93.6 -0.3
Current Economic Conditions Index
Base September-December 2015
92.8 0.0
Quarterly CapeEx Aggregates
(Rs.trillion) Jun 17 Sep 17 Dec 17 Mar 18
New projects 2.33 1.38 1.24 2.15
Completed projects 0.87 1.21 1.02 1.07
Stalled projects 2.67 0.69 0.93 3.34
Revived projects 0.23 0.34 0.23 0.14
Implementation stalled projects 0.73 0.72 0.58 1.05
Updated on: 26 Apr 2018 4:20PM
Quarterly Financials of Listed Companies
(% change) Jun 17 Sep 17 Dec 17 Mar 18
All listed Companies
 Income 9.6 7.9 11.9 9.2
 Expenses 9.9 9.0 12.9 9.9
 Net profit -19.9 -18.1 -13.9 6.4
 PAT margin (%) 5.3 5.5 4.9 14.3
 Count of Cos. 4,482 4,470 4,431 96
Non-financial Companies
 Income 10.2 8.2 13.2 6.2
 Expenses 10.5 8.2 12.3 7.8
 Net profit -25.1 -6.0 12.7 -1.6
 PAT margin (%) 5.2 6.2 6.4 12.8
 Net fixed assets 9.2 10.4
 Current assets 78.7 6.9
 Current liabilities 11.0 21.5
 Borrowings 10.4 4.9
 Reserves & surplus 5.2 0.0
 Count of Cos. 3,460 3,444 3,428 70
Numbers are net of P&E
Updated on: 26 Apr 2018 4:20PM
Annual Financials of All Companies
(% change) FY15 FY16 FY17 FY18
All Companies
 Income 5.5 1.5 5.1 1.6
 Expenses 5.6 1.7 5.1 0.7
 Net profit 0.0 -10.3 23.7 9.2
 PAT margin (%) 3.1 2.8 3.6 8.3
 Assets 9.5 10.0 6.9 3.3
 Net worth 8.5 11.4 6.0 2.8
 RONW (%) 5.8 4.9 5.9 12.7
 Count of Cos. 25,647 23,668 20,755 19
Non-financial Companies
 Income 4.7 0.6 4.7 1.5
 Expenses 4.9 0.0 5.2 0.6
 Net profit -8.6 18.4 18.0 10.7
 PAT margin (%) 2.0 2.5 3.1 7.4
 Net fixed assets 13.3 17.3 5.4 4.4
 Net worth 6.9 12.0 4.4 2.9
 RONW (%) 4.6 5.1 6.0 11.5
 Debt / Equity (times) 1.1 1.1 1.0 0.2
 Interest cover (times) 1.9 1.9 2.1 11.8
 Net working capital cycle (days) 66 65 62 38
 Count of Cos. 20,897 19,807 17,287 17
Numbers are net of P&E
Updated on: 18 Apr 2018 11:50AM

Time series available from 1990 onwards