Tax Revenue News - Latest Updates & Headlines
Maharashtra's own tax revenue to rise to Rs 3,43,040 crore with SGST highest contributor
Mumbai, March 7: Maharashtra's own tax revenue is expected to be Rs 3,43,040 crore in 2024-25 against Rs 3,26,398 crore in 2023-24, a rise of 5.09 per cent, according to the Economic Survey for 2024-25, and out of it, the State GST (SGST) contribution will be highest at Rs 1,55,756 crore against Rs 1,44,791 crore as the state continues to top in India's total GST collection since 2017.
GST collections in February soar 9.1 pc to Rs 1.84 lakh crore
New Delhi, March 1: Gross Goods and Services Tax (GST) collections for February 2025 saw a significant increase of 9.1 per cent compared to the same month last year, reaching approximately Rs 1.84 lakh crore, as per government data released on Saturday.
Reduction in K'taka's tax revenue share is attack on federal structure: Siddaramaiah
Bengaluru, Feb 28: The Union government's attempt to further reduce Karnataka's rightful share of tax revenue is not just anti-Karnataka but also a direct attack on the federal structure enshrined in the Constitution, stated Chief Minister Siddaramaiah.
Attack on federal structure: Siddaramaiah accuses Centre of reducing Karnataka's tax revenue share
Bengaluru, February 28: The Union Government's attempt to further "reduce" Karnataka's rightful share of tax revenue is not just anti-Karnataka but also a direct attack on the federal structure enshrined in the Constitution, Chief Minister Siddaramaiah alleged in a statement on Friday.
West Bengal budget: Tax revenue to rise 11.26 pc, propelled by SGST and state excise
Kolkata, Feb 12: The tax revenue of West Bengal is projected to increase by 11.26 per cent by March 31, 2026, mainly propelled by only two of the 12 components which are State Goods and Service Tax (SGST) and state excise.
India's fiscal deficit to shrink continuously amid strong tax revenues: World Bank
New Delhi, January 17: The fiscal deficit in India is expected to shrink continuously, driven by growing tax revenues, according to the latest World Bank report.