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Thats incomplete and hence misleading information/tweet @ShelarAshish ! Let me set it right!
"With the economy grinding to a halt bcoz of #COVID19-19, @mybmc rev fell by more than 80% in the first quarter of the financial year (April 1 to June 30) cmprd to same period last year" https://twitter.com/ShelarAshish/status/1355382899030290432
"With the economy grinding to a halt bcoz of #COVID19-19, @mybmc rev fell by more than 80% in the first quarter of the financial year (April 1 to June 30) cmprd to same period last year" https://twitter.com/ShelarAshish/status/1355382899030290432
The effect of #Lockdown #COVID19 on our overall ECONOMY has been huge,So how can it be any dffrnt for @mybmc ?Octroi used to be the BMC’s biggest source of income but was replaced by GST. Nw the BMC rcvs compensation from the state government in lieu of octroi. @ShelarAshish
Now @ShelarAshish In Q1 of FY 2020-21, The Gross GST collected across India was doqn by 41% compared to same period 2019-20. Compare Point 1 & 2 ..u get the first core reason for @mybmc dip in rev. This, coupled with the increased spending to tackle the pandemic is the reason
Whn GST & TAX COLLECTION across the Nation are deffered ofcourse thr will be a CASCADING EFFECT of the same on Local Civic Bodies too like @mybmc ! The overall Indian Economy is in SHAMBLES & it was so even BEFORE the #pandemic !Ur tweet is more apt for #ModiSarkar @ShelarAshish
