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Govt issues travel advisory against Iran and IsraelSARFAESI Act - Confirmed auction sale can be interfered by High Court by entertaining writ petition only when there is fraud/collusion and present case is not case of fraud or collusion : SC (See records 39.4 degree temperature today: IMDIndia-Peru FTA: 7th round of talks concludes in New DelhiGST - Circular 108/27/2019-GST cannot override the provisions of the substantive rules framed under the CGST Act: HC16th Finance Commission invites applications for Young Consultants on contract basisGST - Shocking state of affairs - Approach not conducive to international trade and commerce - Internal or departmental conflicts cannot cause prejudice to the assessee: HCECI scraps procedure of Form-M for migrants residing at Jammu and UdhampurGST - Merely because electronic portals did not make appropriate provisions, entitlement of petitioner to receive refund, being an entitlement under the IGST Act, cannot be defeated: HCGovt speeds up processing of Starlink application to provide internetST - s.73(4B) of FA, 1994 - True import and spirit of the provision required expediency on part of Assessing Officer and which has not been scrupulously complied with - Proceedings ought to have been completed within an year: HCHomoeopathy Symposium calls for global collaboration to enhance acceptanceEC seizes close to Rs 46 Cr cash in KarnatakaST - Avoiding multiple litigation - Public money blocked - Petitioner's request for early hearing of matter by Tribunal allowed: HCLargest investor in Nepal is India, says Nepalese diplomat in DelhiGST - Disallowance of ITC on the ground that ISD did not file GSTR Form-6 - No coercive action during pendency of petition: HCAmerican airlines urge Biden against nod for more flights to ChinaGST - Provisional release of goods and conveyance - Ad interim relief granted on payment of penalty and fine and execution of bond: HCRussian hackers penetrated into Microsoft access to step govt emails: US
Govt culls Rs 17.3 lakh crore tax revenue net to Centre by Feb-end

By TIOL News Service

NEW DELHI, APR 01, 2023: THE Government of India has received Rs.20,39,728 crore (83.9% of corresponding RE 2022-23 of Total Receipts) upto February, 2023 comprising Rs.17,32,193 crore Tax Revenue (Net to Centre), Rs.2,48,635 crore of Non-Tax Revenue and Rs.58,900 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans of Rs.20,229 crore and Miscellaneous Capital Receipts of Rs.38,671 crore. Rs.8,08,088 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is Rs.20,266 crore higher than the previous year.

Total Expenditure incurred by Government of India is Rs.34,93,590 crore (83.4% of corresponding RE 2022-23), out of which Rs.29,03,363 crore is on Revenue Account and Rs.5,90,227 crore is on Capital Account. Out of the Total Revenue Expenditure, Rs.7,98,957 crore is on account of Interest Payments and Rs.4,59,547 crore is on account of Major Subsidies. 


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