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The Hindu
The Hindu
National
M Rajeev

EXPLAINED: State s tightrope walk on finances continues | Vintage Vibes

The tight rope walk of the State government in terms of finances continues as the revenue receipts remained stable around ₹10,000 crore.

Total revenue receipts during April are pegged at ₹9,983.8 crore of which tax revenue accounted for ₹9,291.97 crore. Revenue through Goods and Services Tax was ₹3,387 crore, 8.03% of the estimated ₹42,189 crore for the financial year while the earnings through State excise duties remained much lower at ₹1,047 crore against the estimated ₹17,500 crore.

The Registration and Stamps Department continued its good run contributing ₹1,342.25 crore against the projected ₹15,600 crore for the year while revenue through sales tax was ₹2,308 crore, 7% of the projected ₹33,000 crore for the year, according to the figures available with the Comptroller and Auditor General of India (CAG).

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