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Air fares down by 14% to 61% after Govt steps in: ScindiaMPC goes for no change in repo rate; GDP growth projected to be 6.5%Even if China is a Candy, unplugging is only future for Western MNCs!Monsoon finally soaks Kerala today: IMDI-T - AO should not trigger reassessment proceedings simply on basis of information made available to him which had its source in insight portal: HCUK to host world’s first summit on AIDomestic pax doubled from 60 mn in 2014 to 143 mn in 2020: ScindiaCanadian wildfire smokes envelope North-East US; Air-quality warning issuedI-T- Late fees u/s 234E of Act can be levied only prospectively w.e.f. 01.06.2015 : ITATKenyan Finance Bill triggers protests; Police make good use of tear gas shellsIndian defence sector on cusp of major revolution under 'Aatmanirbhar Bharat': Defence SecyVolvo showcases first all-electric SUVST - A sub-contractor would be liable to pay Service Tax even if main contractor has discharged Service Tax liability on activity undertaken by sub-contractor in pursuance of contract: CESTATIndia will have 200 airports in next 5 yrs: Scindia25 lakh food business operators to be trained by FSSAI in next 3 yearsOver 80% Indian depositing Rs 2000 note in account; not exchanging: ReportST - Charges of suppression of tax are not sustainable when assessee is maintaining proper records & is filing statutory documents & also underwent an audit: CESTATIndia-US trade dialogue - Export control regulations reviewedIndia has emerged as 2nd Largest Producer of Crude Steel in world: Minister
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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