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81st Network Planning Group evaluates 5 infra projectsNobel Peace Prize goes to Japanese NGO Nihon Hidankyo which works with atomic bomb survivors in Hiroshima & NagasakiCongress extends support to NC for forming government in J&KWHO accredits CDSCO, NRAI for functional vaccine regulatory systemAs over 560 Kgs of Cocaine seized in Delhi & Mumbai, ED conducts Search operations against kingpinsLate industrialist and renowned philanthropist Ratan Tata’s brother Noel Tata succeeds him as Chairman of Tata TrustsGST - Impugned order was passed in violation of principles of natural justice since it is just and necessary to provide an opportunity to the petitioner to establish their case on merits - Matter remanded subject to petitioner paying 15% of disputed tax: HCR G Kar rape-murder case - protesting junior doctors’ hunger strike enters 6th day; one criticalGST - SCN for recovery of any tax, interest and/or penalty is required to be issued to the legal representative or such other person, who is carrying on the business of the deceased taxpayer - SCN issued to a deceased person is set aside: HCGerman ambassador to India finalises agenda for PM Modi’s meet with German Chancellor Olaf Scholz; aim on achieving ‘guaranteed outcomes’ from talksMusk promises to make robotaxi available by 2027GST - Since only a SCN has been issued, it is premature for the petitioner to challenge the same by approaching Court: HCMishap in Colorado gold mine - 1 dead, 12 trappedUkraine goes for biggest tax hike to fund warI-T - E-assessment order invalidated where passed without allowing opportunity of personal hearing despite assessee having asked for the same: HCADB raises economic growth projections for developing Asia and the PacificBrazil may go for millionaire tax, says FMGulf States urge America to dissuade Israel from bombing Iranian oil sitesCBIC issues posting-cum-transfer order of 7 PCC & CCsBumper wheat production: Iraq to lose half a billion USD in markets
 
Centre mops up Rs 2.36 lakh crore non-tax revenue by Sept-end

By TIOL News Service

NEW DELHI, NOV 01, 2023: THE Government of India has received Rs.14,17,278 crore (52.2% of corresponding BE 2023-24 of Total Receipts) upto September 2023 comprising Rs.11,60,340 crore Tax Revenue (Net to Centre), Rs 2,36,772 crore of Non-Tax Revenue and Rs.20,166 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans Rs.13,216 crore and Miscellaneous Capital Receipts of Rs.6,950 crore.

The Government of India has transferred Rs.4,55,444 crore to State Governments as Devolution of Share of Taxes upto this period which is Rs.79,338 crore higher than the previous year.

Total Expenditure incurred by Government of India is Rs.21,19,139 crore (47.1% of corresponding BE 2023-24), out of which Rs.16,28,511 crore is on Revenue Account and Rs.4,90,628 crore is on Capital Account. Out of the Total Revenue Expenditure, Rs.4,84,329 crore is on account of Interest Payments and Rs.2,06,396 crore is on account of Major Subsidies.


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