https://www.taxtmi.com/news?id=71690 Gujarat's fiscal management is said to be maintained under the Gujarat Fiscal Responsibility Act, 2005, with an aim to ensure fiscal stability, accountability and a revenue surplus. The state reportedly remains within prescribed ceilings for fiscal deficit and debt, has not defaulted on debt repayment, and has not taken an overdraft or advance for many years. The discussion also highlights increased capital expenditure, concerns over non-developmental spending and debt burden, and growth in GST taxpayers, return filing compliance and tax revenue. en-us Mon, 23 Mar 2026 21:01:03 +0530 Mon, 23 Mar 2026 21:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71690 Gujarat's fiscal management is said to be maintained under the Gujarat Fiscal Responsibility Act, 2005, with an aim to ensure fiscal stability, accountability and a revenue surplus. The state reportedly remains within prescribed ceilings for fiscal deficit and debt, has not defaulted on debt repayment, and has not taken an overdraft or advance for many years. The discussion also highlights increased capital expenditure, concerns over non-developmental spending and debt burden, and growth in GST taxpayers, return filing compliance and tax revenue. News - Mon, 23 Mar 2026 21:01:03 +0530 https://www.taxtmi.com/news?id=71690