Latest news with #StateExciseDuties
The Hindu
27-07-2025
- Business
- The Hindu
Tamil Nadu's Own Tax revenue increases 14.5% in Q1, FY2025-2026
Tamil Nadu's Own Tax Revenue increased about 14.5% to ₹43,070.45 crore in the first quarter of 2025-2026 from ₹37,605.43 crore in the same period last year, according to the provisional figures from the Comptroller and Auditor-General (CAG). The State's own revenue (SOTR) constitutes 75.3% of Tamil Nadu's total revenue receipts. Among the SOTR components, the State Goods and Services Tax (SGST) collection increased nearly 21% to ₹15,761.04 crore in the first quarter of 2025-2026 from ₹13,019.26 crore in the same period last year. Revenue from Other Taxes and Duties increased about 23.9% to ₹3,529.86 crore in the April-June 2025 period from ₹2,848.96 crore in the comparable period last year. In the first quarter of 2025-2026, Revenue from Stamps and Registration Fees rose 19.3% to ₹5,868.88 crore from ₹4,918.51 crore in the same period last year. The State Excise Duties (which reflect liquor revenue) increased to ₹2,904.47 crore in the April-June quarter of 2025-2026 from ₹2,791.53 crore in the same period last year. Revenue collection from the component taxes on sales and trade etc. (including VAT on petrol and diesel and liquor) grew 7.8% to ₹14,954.37 crore in the first quarter of 2025-2026 from ₹13,870.62 crore in the year-ago period. Land revenue declined steeply to ₹51.83 crore in the first quarter of 2025-2026 from ₹156.55 crore in the same period last year. In the budget estimates for 2025-2026, the State government has projected SOTR to increase to ₹2,20,894.58 crore, up 14.6% from the revised estimates of ₹1,92,752.43 crore for 2024-2025. The State's share of Union Taxes stood at ₹13,296.29 crore in the first quarter of 2025-2026, up 16.6% from ₹11,400.88 crore in the same period last year. Non-tax revenue declined to ₹2,895.70 crore in the April-June quarter of 2025-2026 from ₹3,946.26 crore in the same period last year. Including SOTR, Share of Union Taxes, Non-Tax revenue and grants-in-aid contribution, Tamil Nadu's total revenue receipts in the first quarter of 2025-2026 increased 14.9% to ₹63,755.70 crore from ₹55,467.63 crore in the same period last year. The current year's number was 19.23% of the budgeted estimates. The revenue deficit, which indicates that expenditure exceeds receipts, came in at ₹15,298.98 crore in the first quarter, while the fiscal deficit, the difference between total receipts and total expenditure, stood at ₹19,377.19 crore.
The Hindu
25-07-2025
- Business
- The Hindu
Telangana's first quarter revenue receipts is 16.2% of estimates; 61% of ₹37,221 goes for interest payment, salaries and pensions
Telangana's revenue receipts continue to disappoint the government with overall receipts standing at ₹37,221 crore at the end of the first quarter of the current financial year (2025-26), of the ₹2.29 lakh crore projected for the fiscal. The revenue generated in the first (April to June) quarter indicates the challenges the government has to face in the coming days to fulfil all its promises. What are revenue receipts? They are funds received by a government in the form of tax revenue, non-tax revenue, and grants-in-aid and contributions. Tax revenue sources are Goods and Service Tax; Stamps and Registration; Land Revenue; Sales Tax; State Excise Duties; State's share of Union taxes, and other taxes and duties. Non-tax revenue includes interest of loans given, dividends on investments. The State's total receipts—including ₹20,266 crore borrowings—during the first quarter stood at ₹57,499 crore, 21.06% of the ₹2.84 lakh crore projected in the budget estimates. What are total receipts? Total receipts includes revenue receipts and capital receipts. The latter includes recovery of loans and advances, borrowings and other liabilities. Tax revenue during in the first quarter was ₹35,721 crore, 20.38% of the ₹1.75 lakh crore projected for the fiscal while interest payments were pegged at ₹6,772 crore, 34.97% of the ₹19,369 crore projected for the fiscal indicating that the State will yet again struggle with interest payment at the end of the fiscal as it will be much higher than that of the budget estimates. Earnings On the earnings front, revenue through Goods and Services Tax stood at ₹12,622 crore against ₹59,074 crore of the budget estimates and that through Registration & Stamps was ₹3,712 crore, 19.45% of ₹19,087 crore of the fiscal. State Excise duties continue to be below expectations at ₹4,595 crore, 16.64% of the ₹27,623 crore of budget estimates and Sales Tax collections were a shade better at ₹8,466 crore, 22.6% of the ₹37,463 crore projected for the year. Revenue through Grants in Aid and Contributions continued to bely expectations at ₹433 crore, just 1.9% of the ₹22,782 crore so also accrual through non tax revenue pegged at ₹1,066 crore, 3.37% of the budget estimates respectively at the end of the first quarter. Expenditure On the expenditure front, Salaries/wages consumed a major chunk with ₹11,608 crore, 34.97% of the ₹44,478 crore projected for the fiscal and payment of pensions accounted for ₹4,572 crore, 34.88% of the ₹13,109 crore of the budget estimates. Another major head under expenditure was subsidy, primarily on account of free power, which was pegged at ₹5,932 crore, 36.3% of ₹16,345 crore projected for the year. Revenue deficit The State's revenue deficit at the end of the first quarter stood at ₹10,582 crore against surplus of ₹2,738 crore projected in the budget estimates and fiscal deficit was at ₹20,266 crore, 37.52% of the ₹54,009 crore of the budget estimates for the year. The primary deficit was pegged at ₹13,493 crore, 38.95% of the ₹34,640 crore of the budget estimates.
The Hindu
18-05-2025
- Business
- The Hindu
Tamil Nadu's own tax revenue grew by 7.6% in 2024-25
Tamil Nadu's own tax revenue stood at ₹1,80,225.53 crore in fiscal 2024-25, up about 7.6% from ₹1,67,105.18 crore in fiscal 2023-24, as per the preliminary un-audited provisional figures from the Comptroller and Auditor General of India (CAG). In 2024-25, State's Own Tax Revenue (SOTR) was estimated at ₹1,92,752.43 crore in Revised Estimates, when compared to the projection of ₹1,95,173 crore made in the Budget Estimates, as per the State Budget for 2025-26. The SOTR contributes 75.3% of Tamil Nadu's total revenue receipts. Among its components, the State Goods and Services Tax (SGST) increased by 14.4% from ₹61,960.29 crore in 2023-24 to ₹70,886.65 crore in 2024-25, as per the numbers from the CAG. The State also saw its revenue from Stamps and Registration Fees increase to about 15% from ₹19,013.36 crore in 2023-24 to ₹21,878.27 crore in 2024-25. Marginal growth Other components have seen only marginal growth, according to the CAG's the preliminary figures. Land revenue increased from ₹255.87 crore in 2023-24 to ₹277.72 crore in 2024-25, as per preliminary numbers. Revenue from Taxes on Sales, Trade etc., (which includes VAT on petrol, diesel, and liquor) increased from ₹60,026.96 crore in 2023-24 to ₹62,335.08 crore in 2024-25. The State Excise Duties (which reflect liquor revenue) increased from ₹10,774.29 crore in 2023-24 to ₹11,055.41 crore in 2024-25. Revenue from other taxes and duties declined from ₹15,074.41 crore in 2023-24 to ₹13,792.40 crore in 2024-25. The balance of Tamil Nadu's total revenue receipts come from Non-Tax revenue, the Share in Central taxes, and grants-in-aid from the Union government. The Share in Central taxes for 2024-25 was ₹52,491.88 crore. This is in line with what was projected in the revised estimates for 2024-25. Grants-in aid from the Union government was ₹16,509.38 crore for 2024-25, when compared to ₹20,538.40 crore in the revised estimates for 2024-25. Non-Tax Revenue was ₹31,388.70 crore in 2024-25, when compared to ₹28,124 crore in Revised Estimates. Including these components, the State's total revenue receipts stood at ₹2,80,615.49 crore in 2024-25, as per the preliminary figures from the CAG. The total revenue receipts estimates for 2024-25 was revised to ₹2,93,906.41 crore.
The Hindu
18-05-2025
- Business
- The Hindu
State's overall revenue receipts remain below expectations yet again
The revenue receipts of the State for 2024-25 remained far below the numbers projected in the budget estimates going by the actual receipts. The government in the budget 2024-25 projected total receipts, revenue receipts and capital receipts, which include borrowings and other liabilities, at ₹2.74 lakh crore. The achievement, however, has been just ₹2.17 lakh crore, over ₹55,000 crore less than the budget estimates, according to the provisional estimates released by the Comptroller and Auditor General of India. Among the major contributors to the deficit are Grants-in-Aid and Contributions and State Excise Duties. While the government estimated revenue of ₹25,617 crore through State Excise duties, the actuals at the end of the fiscal were ₹18,605 crore, marking a deficit of ₹7,000 crore. Grants-in-Aid and Contributions received from the Central government were projected at ₹21,636 crore, but the actuals during the fiscal were at ₹7,913 crore. The case was no different in the years 2023-2024 when receipts under the head were ₹9,729 crore against ₹41,259 crore of budget estimates and in 2022-23 when the receipts were ₹13,179 crore against the estimated ₹41,001 crore. Shortfall in the revenue receipts as compared with the budget estimates is not new and has been a recurring feature since the past few years. Total receipts during 2023-24 were pegged at ₹2.59 lakh crore and the actuals were at ₹2.18 lakh crore. The same was the case with the fiscal year 2022-23 when the budget estimates placed the receipts at ₹2.45 lakh crore and the actuals at the end of the year were ₹1.92 lakh crore. Receipts under the head Non Tax Revenue belied expectations over past few years except for 2023-24 when the State registered revenue of ₹23,819 crore under the head against the budget estimates of ₹22,808 crore. The sudden spike in the revenue during that particular fiscal was attributed sale of lands in prime locations and advancing the auctioning of liquor outlets which fetched substantial income ahead of the elections in December 2023.
