Budget 2018: UP's share in central taxes up 15% to Rs 1.40 trillion in FY19

The share of Central GST in the projected UP's share of the central taxes is over 30% at over Rs 450 billion

Uttar Pradesh's share in the divisible pool of central taxes, including the Goods and Services Tax (GST) is estimated to swell by 15% to about Rs 1.40 trillion during 2018-19.

The increase of 15% is higher compared to the rise of a little under 10% projected during the current fiscal 2017-18, when UP is likely to get about Rs 1.21 trillion under the tax devolution formula. The share in the central tax kitty comprises various heads, including GST, Corporation tax and other central taxes.

The share of Central GST in the projected UP’s share of the central taxes is over