Fiscal Growth News - Latest Updates & Headlines
Arunachal logs record monthly GST collection of Rs 332 crore in April
Itanagar, May 20: Arunachal Pradesh recorded its highest-ever monthly Goods and Services Tax (GST) collection in April this year, reflecting the national trend of an all-time high GST collection.
India's direct tax collections surge 15.6% to Rs 27 lakh crore in 2024-25
New Delhi, April 25: India's direct tax collections, in gross terms, have witnessed a robust growth of 15.59 per cent year-on-year, reaching Rs 27.02 lakh crore in the financial year 2024-25, data released by the Central Board of Direct Taxes (CBDT) showed. In 2023-24, it was Rs 23.38 lakh crore.
Revenue growth of states in FY26 expected to be lower than that of FY25: Report
New Delhi, April 18: Indian states are expected to see slower revenue growth in the financial year 2025-26 (FY26) compared to FY25, mainly due to weaker growth in non-tax revenue.