Revenue Generation Of Indian States

With the introduction of gst many indirect taxes levied by the states have been replaced.

Revenue generation of indian states. Five states of south india together account for 29 69. In addition to the transfer of revenues obtained from the center the state governments also generate resources on their own both from tax and non tax revenue. Top 5 states shares 46 3 in india s total economy. In 2019 20 sgst is estimated to be the largest source of own tax revenue of states 43 figure 16.

Certain states depend more on non tax sources to generate their revenue. Eight states of north east india share 2 8. India has the third largest alcohol market in the world. Share of key taxes in own tax revenue in per cent 2019 20 sgst.

This is a list of states of india by projected own tax revenues of their governments excluding the shares from union tax pool for the year 2014 19 from annexure 7 1 pdf. Report of the thirteenth finance commission 2014 2019 pdf report. Under the indian constitution the state governments are given certain fiscal powers state fiscal reforms in india 2004. In 2018 19 goa haryana punjab kerala rajasthan jharkhand chhattisgarh assam and orissa expect to generate more than 10 of their revenue through non tax sources.

More than 75 of own tax revenue of the states come from indirect taxes. With figures in crore of indian rupees data for union territories except delhi is not available. In the financial year 2016 tamil nadu was the indian state with the highest alcohol revenue at about 300 billion indian rupees.