SIGN IN SUBSCRIBE

News Update

SC says no restrictions on voluntary name banners along Kanwar route eateriesNew Capital gains regime: CBDT issues FAQsFM favours debt reduction but sans affecting economic growthMisc - Royalty not a tax; royalty is contractual consideration paid by mining lessee to lessor for enjoyment of mineral rights & liability to pay royalty arises out of contractual conditions of mining lease: SC CBDGFT simplifies EPCG Scheme procedures to enhance Ease of Doing BusinessKargil Victory Day: PM warns Pak against practising terrorismMisc - Payments made to Government cannot be deemed to be a tax merely because statute provides for their recovery as arrears: SC CBPM GatiShakti Group evaluates five key infrastructure projectsMisc - Since power to tax mineral rights is provided for in Entry 50 of List II, Parliament cannot use its residuary powers in this subject matter: SC CBLadakh's Budget has increased from Rs 1100 Cr to Rs 6000 Cr in last 5 yrsChina pumps in subsidies worth USD 41 bn into car sectorCus - Owner of goods has a liability to pay customs duty even after confiscated goods are redeemed on payment of fine - Interest follows: SCIndian Coast Guard rescues 14 Indian crew from stranded vessel near AlibaugObama endorses Kamala Harris for PresidentI-T- Demand notice issued mechanically merits being quashed, where passed in ignorance of assessment order giving clean chit to assessee: HCIndia discovers Lithium Resources in Mandya and Yadgiri districts of KarnatakaIndia's installed Nuclear Power Capacity to triple by 2031-32: MoSGoyal sets USD 50 bn target for footwear industry to achieve by 2030Indian-origin German citizen nabbed with 6 kg of cocaine at IGI AirportAI-based SearchGPT to compete with Google: OpenAIBiden to attend QUAD meeting to be held in New Delhi this year
 
Tax devolution: Centre releases Rs 72,961 crore to all States

By TIOL News Service

NEW DELHI, NOV 08, 2023: IN view of the upcoming festive season, the Union Government has authorised the release of tax devolution of Rs. 72,961.21 crore to State Governments for the month of November 2023, on 7th November instead of the usual date 10th November.

This will enable the State Governments to make in-time releases and add to the festivities and celebrations among the people. State-wise breakup of amounts released is given in the following table:

State-wise distribution of Net Proceeds of Union Taxes and Duties for November, 2023.

 

Sl. No

Name of State

Total (Rs. Crore)

1

ANDHRA PRADESH

2952.74

2

ARUNACHAL PRADESH

1281.93

3

ASSAM

2282.24

4

BIHAR

7338.44

5

CHHATTISGARH

2485.79

6

GOA

281.63

7

GUJARAT

2537.59

8

HARYANA

797.47

9

HIMACHAL PRADESH

605.57

10

JHARKHAND

2412.83

11

KARNATAKA

2660.88

12

KERALA

1404.50

13

MADHYA PRADESH

5727.44

14

MAHARASHTRA

4608.96

15

MANIPUR

522.41

16

MEGHALAYA

559.61

17

MIZORAM

364.80

18

NAGALAND

415.15

19

ODISHA

3303.69

20

PUNJAB

1318.40

21

RAJASTHAN

4396.64

22

SIKKIM

283.10

23

TAMIL NADU

2976.10

24

TELANGANA

1533.64

25

TRIPURA

516.56

26

UTTAR PRADESH

13088.51

27

UTTARAKHAND

815.71

28

WEST BENGAL

5488.88

 

Grand Total

72961.21


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
Dr. Shailendra Kumar, Chairman, TIOL Knowledge Foundation, addressing the gathering

TOP NEWS


AR not Afar by SK Rahman

VISION 360



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

TII LATEST

TIOLCORPLAWS LATEST