Kolkata, Feb 12 (IANS) The tax revenue of West Bengal is projected to increase by 11.26 per cent by March 31, 2026, mainly propelled by only two of the 12 components which are State Goods and Service Tax (SGST) and state excise.
As per the budget estimates for the financial year of 2025-26, the state’s own tax revenue is slated to increase to Rs 1,12,543.80 crore, 11.26 per cent rise over the figure of Rs 99,863.16 crore as per the revised estimates for 2024-25.
The SGST component, as per the budget documents for 2025-26, is slated to contribute 44.22 per cent of the total state’s own tax revenue collection during the fiscal under review.
On the other hand, the state excise component is slated to contribute 20.03 per cent of the total state’s own tax revenue collection during 2024-26.
As per the budget estimates figure for 2025-26, the SGST collection as of March 31, 2026, is slated to increase to Rs 49,771.98 crore from Rs 45,872.52 crore as of March 31, 2025, according to the revised estimates for 2024.25.
Similarly, the state excise collection by March 31, 2026, is slated to rise to Rs 22,550.33 crore as per the budget estimates for 2025-26, from the figure of Rs 20,444.45 crore as of March 31, 2025, as per the revised estimates for 2024-25.
According to economists, while West Bengal is not the only state that depends on the state excise to a substantial extent for its own tax revenue generation, such an over-dependence on this particular component is not a healthy economic parameter for any state.
In the case of non-tax revenue, the highest contributing component during 2025-26 will be interest receipts at Rs 4,626.27 crore, followed by other non-tax revenue at Rs 4,231.06 crore.
–IANS
src/uk
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
