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Nobel Prize in Literature goes to South Korean author Han KangCBIC issues posting-cum-transfer order of 7 PCC & CCsPM Modi holds bilateral meetings with Japanese & New Zealand counterpartsCBIC grants HAG grade to 22 IRS officersCentre releases Rs 178173 Crores to States; advance instalment of Rs 89086 Crores includedLate industrialist & Padma Vibhushan awardee Ratan Tata given ceremonial guard of honor at Worli crematorium; tributes pour from across IndiaNDPS - Heroin presents a significantly graver threat to public health and individual well-being as compared to cannabis - Commercial quantity recovered - Applicant, being a foreign national, can prove to be a flight risk - Bail application dismissed: HCUN Population Fund commends GoI's efforts to curb MMR by 70%GST - Services by way of reinsurance of the insurance schemes - When impugned order was passed, clarificatory Circular 228/2024 was not in existence - Demand would not sustain in the light of stand taken by respondents: HCUkrainian President Zelenskyy flaunts new ‘victory plan’; meets UK PM Starmer & NATO leaders for supportGST - Rule 86A - Blocking of ECL - No pre-decisional hearing was provided - No independent or cogent reasons offered but reliance placed on reports of enforcement authority - Order based on borrowed satisfaction cannot sustain: HCIndia, Italy ink pact for collaboration in agriculture & allied sectorsGST - As per agreement, cost of fuel was to be borne by recipient - This cost cannot, therefore, be subjected to charge of GST by adding its value in the transaction value of GTA service: HCPM at ASEAN; Modi highlights importance of India-ASEAN ties in times of geopolitical upheavalsGST - Remanding a matter to the authority concerned has the effect of providing further time of two years for the adjudicating authority to adjudicate: HCIndia, Brussels to host symposium on administrative reform; reaching last mile on agenda22-time Grand Slam champion Rafael Nadal announces retirement from Tennis following Davis Cup finalsAct East Policy has benefited India: PMTIOL Tax Congress - Doctrine of tax neutrality has no place in GST design!GST - CBIC amends Rules w.e.f Nov 1, 2024Close to 35 lakh audit reports filed upto 7th Oct: CBDTState funeral for Ratan Tata; Maharashtra notifies a day of mourning
 
Centre releases Rs 178173 Crores to States; advance instalment of Rs 89086 Crores included

By TIOL News Service

NEW DELHI, OCT 10, 2024: THE Union Government has released tax devolution of Rs 1,78,173 crore to State Governments on 10th October, 2024, as against the normal monthly devolution of Rs 89,086.50 crore. It includes one advance instalment, in addition to the regular instalment due in October, 2024.

This release is in view of the upcoming festive season and to enable States to accelerate capital spending, and also finance their development/ welfare related expenditure.

State-wise breakup of amounts released is given below in the table:

State-wise distribution of Net Proceeds of Union Taxes and Duties for October, 2024

Sl. No

Name of State

Total (Rs Crore)

1

ANDHRA PRADESH

7,211

2

ARUNACHAL PRADESH

3,131

3

ASSAM

5,573

4

BIHAR

17,921

5

CHHATTISGARH

6,070

6

GOA

688

7

GUJARAT

6,197

8

HARYANA

1,947

9

HIMACHAL PRADESH

1,479

10

JHARKHAND

5,892

11

KARNATAKA

6,498

12

KERALA

3,430

13

MADHYA PRADESH

13,987

14

MAHARASHTRA

11,255

15

MANIPUR

1,276

16

MEGHALAYA

1,367

17

MIZORAM

891

18

NAGALAND

1,014

19

ODISHA

8,068

20

PUNJAB

3,220

21

RAJASTHAN

10,737

22

SIKKIM

691

23

TAMIL NADU

7,268

24

TELANGANA

3,745

25

TRIPURA

1,261

26

UTTAR PRADESH

31,962

27

UTTARAKHAND

1,992

28

WEST BENGAL

13,404


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