Just a moment...
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
The Monthly Accounts of the Union Government of India upto November 2017 have been consolidated and reports published. The highlights are given below:-
The Government of India has received ₹ 8,66,710 crore (54.2% of corresponding BE 17-18 of Total Receipts) upto November 2017 comprising ₹ 6,99,392 crore Tax Revenue (Net to Centre), ₹ 1,05,469 crore of Non Tax Revenue and ₹ 61,849 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (Rs.9,471crore) and Disinvestment of PSUs (Rs.52,378crore).
Rs.3,85,286 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India in this period.
Total Expenditure incurred by Government of India is ₹ 14,78,815 crore (68.9% of corresponding BE 17-18), out of which ₹ 12,94,700 crore is on Revenue Account and ₹ 1,84,115 crore is on Capital Account. Out of the total Revenue Expenditure, ₹ 3,09,799 crore is on account of Interest Payments and ₹ 2,06,068 crore is on account of Major Subsidies.
Government receipts and expenditure: tax, non-tax, devolution and major revenue versus capital spending profiles. Monthly consolidated accounts report central receipts composed of Tax Revenue, Non-Tax Revenue and Non-Debt Capital Receipts (loan recoveries and disinvestment), and show substantial transfers to states as Devolution of Share of Taxes. Total expenditure is allocated between Revenue Expenditure (notably Interest Payments and Major Subsidies) and Capital Expenditure, with proportions reported relative to the fiscal year budget estimates.Press 'Enter' after typing page number.