{"id":10431,"date":"2024-06-14T14:41:41","date_gmt":"2024-06-14T14:41:41","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=10431"},"modified":"2024-06-14T14:41:41","modified_gmt":"2024-06-14T14:41:41","slug":"the-overallrevenuecollection-of-state-till-july-has-declined-by-3-according-to-comptroller-and-auditor-general-of-india-cag-income-estimates-for-states-however-sales-tax-collection-has-risen-by-1","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/the-overallrevenuecollection-of-state-till-july-has-declined-by-3-according-to-comptroller-and-auditor-general-of-india-cag-income-estimates-for-states-however-sales-tax-collection-has-risen-by-1\/","title":{"rendered":"The overallrevenuecollection of state till July has declined by 3%, according to Comptroller and Auditor General of India (CAG) income estimates for states. However, sales tax collection has risen by 15% vis-a-vis July last year, while stamps and registration earnings climbed by 12%."},"content":{"rendered":"

As usual,GSTcollections accounted for the lions share of tax receipts (Rs 28,591 crore), followed by sales tax (Rs 8,218 crore) and excise (Rs 4,791 crore). The states portion of Union taxes was Rs 2,178 crore compared to a projected Rs 8,721 crore. GST collection has reached 25% of total budget estimates against 18% in July last year.<\/p>\n

Similarly, sales tax receipts reached 31% of estimated budget figures for the same period against 16% last year. This year the total tax receipts till July was 19% when compared to 16% last year.<\/p>\n

Non-tax revenue was Rs 1,925 crore as opposed to Rs 30,557 crore last year.
The state governments tax and non-tax income remain a major source of concern at a time when it is attempting to stabilise its financial position in the aftermath of the pandemic-induced downturn. The state has accumulated a of Rs 9,483 crore till July.<\/p>\n","protected":false},"excerpt":{"rendered":"

As usual,GSTcollections accounted for the lions share of tax receipts (Rs 28,591 crore), followed by sales tax (Rs 8,218 crore) and excise (Rs 4,791 crore). The states portion of Union taxes was Rs 2,178 crore compared to a projected Rs 8,721 crore. GST collection has reached 25% of total budget estimates against 18% in July … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1097],"tags":[872],"class_list":["post-10431","post","type-post","status-publish","format-standard","hentry","category-telangana","tag-17-09-21"],"yoast_head":"\nThe overallrevenuecollection of state till July has declined by 3%, according to Comptroller and Auditor General of India (CAG) income estimates for states. However, sales tax collection has risen by 15% vis-a-vis July last year, while stamps and registration earnings climbed by 12%. - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/the-overallrevenuecollection-of-state-till-july-has-declined-by-3-according-to-comptroller-and-auditor-general-of-india-cag-income-estimates-for-states-however-sales-tax-collection-has-risen-by-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The overallrevenuecollection of state till July has declined by 3%, according to Comptroller and Auditor General of India (CAG) income estimates for states. However, sales tax collection has risen by 15% vis-a-vis July last year, while stamps and registration earnings climbed by 12%.\" \/>\n<meta property=\"og:description\" content=\"As usual,GSTcollections accounted for the lions share of tax receipts (Rs 28,591 crore), followed by sales tax (Rs 8,218 crore) and excise (Rs 4,791 crore). The states portion of Union taxes was Rs 2,178 crore compared to a projected Rs 8,721 crore. GST collection has reached 25% of total budget estimates against 18% in July ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/current-affairs\/the-overallrevenuecollection-of-state-till-july-has-declined-by-3-according-to-comptroller-and-auditor-general-of-india-cag-income-estimates-for-states-however-sales-tax-collection-has-risen-by-1\/\" \/>\n<meta property=\"og:site_name\" content=\"Current Affairs Exam\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-14T14:41:41+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The overallrevenuecollection of state till July has declined by 3%, according to Comptroller and Auditor General of India (CAG) income estimates for states. However, sales tax collection has risen by 15% vis-a-vis July last year, while stamps and registration earnings climbed by 12%. - Current Affairs Exam","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/current-affairs\/the-overallrevenuecollection-of-state-till-july-has-declined-by-3-according-to-comptroller-and-auditor-general-of-india-cag-income-estimates-for-states-however-sales-tax-collection-has-risen-by-1\/","og_locale":"en_US","og_type":"article","og_title":"The overallrevenuecollection of state till July has declined by 3%, according to Comptroller and Auditor General of India (CAG) income estimates for states. However, sales tax collection has risen by 15% vis-a-vis July last year, while stamps and registration earnings climbed by 12%.","og_description":"As usual,GSTcollections accounted for the lions share of tax receipts (Rs 28,591 crore), followed by sales tax (Rs 8,218 crore) and excise (Rs 4,791 crore). The states portion of Union taxes was Rs 2,178 crore compared to a projected Rs 8,721 crore. GST collection has reached 25% of total budget estimates against 18% in July ... 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