News Update

PLI scheme for electronics manufacturing sees incremental investment of Rs 8,390 CrG20 finance leaders agree to tax super-rich but forum not yet readyDPIIT promotes green logistics industry balancing economic growth and environmentIndia, US ink pact to stymie illegal trafficking of cultural propertyRailways expands tracks by 31,180 kmFroth in Yamuna river: Delhi complains to Centre against UP and HaryanaGovt to enhance reach of Indian Digital Public InfrastructureFormer BJP Minister says BJP has totally failed as Opposition in KarnatakaGovt provides incentives to small tea growersEU penalises 5 countries for infringing budget rulesI-T-Transaction involving transfer of unutilised shares cannot be deemed to be sale of shares so as to attract levy of Long Term Capital Gain u/s 112: ITATChina says Relations with Japan at critical stageST - Once the activity of appellant that is of forfeituring the amount of earnest money is not a declared service, question of retaining said money as consideration for rendering such service becomes absolutely redundant: CESTATEU medicines regulator disapproves Alzheimer’s new drugSC says no restrictions on voluntary name banners along Kanwar route eateriesFM favours debt reduction but sans affecting economic growthKargil Victory Day: PM warns Pak against practising terrorismChina pumps in subsidies worth USD 41 bn into car sectorMisc - Payments made to Government cannot be deemed to be a tax merely because statute provides for their recovery as arrears: SC CBMisc - 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 CBMisc - 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 CBCus - Owner of goods has a liability to pay customs duty even after confiscated goods are redeemed on payment of fine - Interest follows: SC
 
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

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



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