https://www.taxtmi.com/news?id=50858 Projected uptick in large states' revenue growth to around seven-nine percent this fiscal rests on two operative components: own tax revenue-driven by GST and liquor tax with modest petroleum tax contribution-and central transfers including devolution and higher grants for centrally sponsored schemes. The forecast attributes growth chiefly to steady GST collections and increased central outlay, while flagging sensitivity to nominal GDP assumptions and macroeconomic risks, and recommends states expand own revenues and improve collection efficiency. en-us Tue, 29 Jul 2025 16:46:03 +0530 Tue, 29 Jul 2025 16:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=50858 Projected uptick in large states' revenue growth to around seven-nine percent this fiscal rests on two operative components: own tax revenue-driven by GST and liquor tax with modest petroleum tax contribution-and central transfers including devolution and higher grants for centrally sponsored schemes. The forecast attributes growth chiefly to steady GST collections and increased central outlay, while flagging sensitivity to nominal GDP assumptions and macroeconomic risks, and recommends states expand own revenues and improve collection efficiency. News - Tue, 29 Jul 2025 16:46:03 +0530 https://www.taxtmi.com/news?id=50858