"tax-revenue"

India’s net direct tax collection rose 8 per cent to Rs 17.04 lakh crore till December 17, driven by higher corporate advance tax payments and slower refunds. Corporate tax revenues outpaced non-corporate collections, official data showed

Gross GST collection rose 4.6 per cent year-on-year to Rs 1.96 lakh crore in October, driven by festive season demand despite rate cuts on 375 items. Domestic GST revenue grew 2 per cent, while imports contributed a 13 per cent surge in tax inflow

Analysts point out that even during the COVID-19 pandemic, the State managed to maintain revenue growth, making the current dip particularly alarming.

Telangana is facing a significant dip in revenue collections, with receipts for the current fiscal year lagging behind last year's collections.

The tax revenue reached Rs.69,000 crore against the budgeted Rs 1.64 lakh crore, falling short by approximately Rs.13,000 crore as of September 30 and posing a huge challenge for the State government to run the show.

The fiscal year 2023-24 concluded with tax revenue falling short of the targets outlined in the budget.

The State government is planning to build on this growth and improve its revenue sources.

Records Rs 1.33 lakh crore in first seven months of 2023-24 fiscal, as per CAG

The Telangana government had achieved this feat by taking various measures, including improving the tax administration and expanding the tax base

By Seela Subba Rao Most of the federal governments are vested with powers to raise tax revenues while the States are responsible for undertaking a large part of the public expenditures. The allocation of taxation powers vis-à-vis responsibilities per se creates an imbalance known as vertical imbalance. Further, the existence of vast regional disparities contributes […]

Andhra Pradesh will get an additional amount of Rs 344 crore while Madhya Pradesh has become entitled to receive Rs 660 crore for capital projects.