Based on the Union Budget estimates and actual collections for the fiscal year 2022-23 for the Government of India, Goods and Services Tax (GST) was projected and largely realized as the largest single component of gross tax revenue, surpassing Corporate Tax and Income Tax collections individually.
The major source of revenue in 2022-23 was
Asked in WBPSC CS Prelims 2023 · Topic: Fiscal Policy & Revenue (Sources of Government Revenue: Tax and Non-Tax Revenue)
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