Maharashtrafaces a staggering debt of Rs 7 lakh crore in 2023-24. However, it has a massive chunk of revenue which remains unrecovered and could potentially reduce debt. The state has Rs 1.5 lakh crore of unrealised tax revenue, according to the latest budget documents.
The amount of unrealised tax revenue is 73% higher than it was in
The Rs 1.5 lakh crore worth ofunrealised taxeswere outstanding as of March 2020-21. Of this sum, as much as Rs 87,241 crore is under dispute. The amount which is not under dispute totals Rs 67,831 crore.