The States during the first two months of the current financial year reached close to 20,000 crore with revenue at the end of May pegged at 19,956.2 crore.
Tax revenue during the first two months stood at 18,751.39 crore with tax revenue during May registered at 9,459.42 crore, slightly higher than 9,291.97 crore of April. Earnings in the form of Goods and Services Tax reached 6,223 crore in the first two months, achieving 14.75% of the 42,189.47 crore projected in the budget estimates. Registration and Stamps revenue too reached 2,586 crore, registering 16.58% of the 15,600 crore of the revenue estimated for the entire fiscal.
The States share of union taxes registered single digit Growth at 9.64% reaching 1,195.54 crore against the years estimate of 12,407.64 crore while the State Excise duties during the period were pegged at 2,599 crore against the estimated 17,500 crore, achieving 14.86%. Revenue through sales tax reached 4,872 crore at the end of May, little higher than 2,308 crore reported during April and this was 14.76% of the 33,000 crore projected for the fiscal.