State’s revenue in October stable at ₹8,338 cr.
The Hindu
Month’s revenue shade higher than September’s ₹8,268 cr.
The State Government’s tax revenue during October remained stable at ₹ 8,338.93 crore, a shade higher than ₹ 8,268.66 crore registered during September.
The total revenue receipts at the end of October stood at ₹ 62,208.76 crore, realizing 35.32 per cent of the budget estimates of ₹1.76 lakh crore for the current financial year. The State registered highest revenue of ₹ 9,000 crore in a month during August since the lifting of restrictions imposed on account of Coronavirus (COVID-19) pandemic, but the revenue remained stable around ₹ 8,000 crore in the next two months.
Revenue through Goods and Services Tax inched closer to ₹18,000 crore mark reaching ₹17,799.69 crore at the end of October, crossing the half way mark of ₹ 35,520 crore projected in the budget estimates. Revenue through State Excise duties were pegged at ₹ 8,611.81 crore, 50.66 per cent of the projected ₹17,000 crore for the current year.
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