News

17th June, 2006

Maharashtra tax revenues up 31% in Apr-May

Tax revenues of Maharashtra have recorded a 31.11-per-cent increase in the first two months of the current fiscal to touch Rs 4,142 crore compared to a level of Rs 3,159 crore achieved in the same period last year.

Official sources said the State's VAT revenues (including that of petrol, liquor and diesel) for April-May increased by about 34 per cent to Rs 3,564 crore (Rs 2,660 crore).

Maharashtra reported tax revenues of Rs 18,669 crore in fiscal 2005-06, which is about 11 per cent higher than the level of Rs 16,815 crore achieved in the previous year.

During the fiscal, the State has made a VAT compensation claim of Rs 3,600 crore from the Centre. Out of this claim, the Centre has disbursed about Rs 1,373 crore.