
States borrowings increased 5.34% in 2022-23
Among the ten identified states, Andhra Pradesh, Bihar, Rajasthan, and Punjab exceeded both debt and fiscal deficit targets for 2020-21 set by the 15th Finance Commission.
Among the ten identified states, Andhra Pradesh, Bihar, Rajasthan, and Punjab exceeded both debt and fiscal deficit targets for 2020-21 set by the 15th Finance Commission.
Maharashtra has seen the maximum growth in SGST collection followed by Uttar Pradesh.
Businesses with a turnover of ₹5 crore or more will be required to switch to e-invoicing from August 1, 2023
GST revenue collection for April stood at record level of ₹1,87,035 crore, up 12% from ₹1,67,540 collected in the same month last year.
The gross GST revenue collected in the month of April, 2023 stood at ₹1,87,035 crore.
PM Modi says India is being called the "bright spot" of the global economy, and that the benefits of the strength of its banking system should reach maximum people.
The average monthly gross GST collection has increased from ₹0.90 lakh crore in FY18 to ₹1.49 lakh crore in FY23.
Of the total GST collection, 85% is expected to come from central GST (₹6,60,000 crore) and 15% (₹1,20,000 crore) from GST compensation cess.
Modinomics is full of high debt, inflation, unemployment and inequality, says the Congress.
Despite funding to start-ups going towards asset creation and jobs, tax rate and holding period are twice that of listed securities.