Saturday, May 8, 2021
Home States Telangana Huge slump in non-tax revenue in 2018-19

Huge slump in non-tax revenue in 2018-19

The non-tax revenue of Telangana was a mere 46.37% of budget proposals in 2019-20 against 111.52% in the previous year of 2018-19.

This was revealed in the accounts at a glance at the end of March 2020 as presented by the Comptroller and Auditor General in its latest report for the State on Wednesday.

The report said the non-tax revenue was a mere ₹7,361 crore against the budget estimate of ₹15,875 crore. Sources said the slump was mainly due to failure of the government to sell lands which was expected to fetch ₹ 10,000 crore.

The tax revenue, on the other hand, was far better in 2019-20 at 90.67% of budget estimates while the same was 77.43% in the previous year. Except State’s share of Union taxes, all other heads of tax revenue had positive growth.

They included Goods and Service Tax, stamps and registration, land revenue, sales tax, State excise duties and other taxes and duties.

The State’s share of Union taxes was, however, down from 108.78% in 2018-19 to 79.80%. The share was only ₹11,450 crore against ₹14,348 crore in the previous year. The total expenditure was 23% more than 2018-19.

You have reached your limit for free articles this month.

To get full access, please subscribe.

Already have an account ? Sign in

Show Less Plan

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages

Move smoothly between articles as our pages load instantly.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations

A select list of articles that match your interests and tastes.

Briefing

We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Indian Staffing Market will be the largest market in the world, today the industry is an over 6 billion dollar industry, says Mr Sultan...

Mumbai: According to Mr Sultan Khan, Founder & Director of EaseConnect HR Services Pvt. Ltd. Indian Staffing Market will be the largest market in...

HSE Interview Questions & Answers

What is Safety? The condition of being protected from or unlikely to cause danger, risk, or injury is Called Safety. What is the accident? It is an...

Putham Pudhu Kaalai trailer: Five Tamil filmmakers bring five stories of love in the time of Covid-19

The trailer of Amazon Prime’s upcoming Tamil film Putham Pudhu Kaalai was unveiled on Monday by filmmaker Mani Ratnam and composer A.R Rahman. Tamil...