FinMin sanctions Rs 46,038 crore as states share in taxes for April

In a tweet the ministry said to assist states effectively address situation arising out of COVID-19 pandemic, as a special dispensation, the calculation of net proceeds of shareable taxes has been kept unchanged as per Budget 2020-21.

New Delhi: The Finance Ministry on Monday said it has sanctioned Rs 46,038 crore for the devolution of states' share in central taxes and duties for April.

In a tweet the ministry said to assist states effectively address situation arising out of COVID-19 pandemic, as a special dispensation, the calculation of net proceeds of shareable taxes has been kept unchanged as per Budget 2020-21.

• Ministry of Finance has issued sanctions for April instalment of Devolution of States’ Share in Central Taxes and Duties amounting to ₹46,038.10 cr today.
  
  The inter-se share is as per the recommendations of the XV Finance Commission. #IndiaFightsCorona pic.twitter.com/QdcwNtpov7

  — Ministry of Finance 🇮🇳 #StayHome #StaySafe (@FinMinIndia) April 20, 2020 " class="align-text-top noRightClick twitterSection" data="

  Ministry of Finance has issued sanctions for April instalment of Devolution of States’ Share in Central Taxes and Duties amounting to ₹46,038.10 cr today.
  
  The inter-se share is as per the recommendations of the XV Finance Commission. #IndiaFightsCorona pic.twitter.com/QdcwNtpov7

  — Ministry of Finance 🇮🇳 #StayHome #StaySafe (@FinMinIndia) April 20, 2020

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  Ministry of Finance has issued sanctions for April instalment of Devolution of States’ Share in Central Taxes and Duties amounting to ₹46,038.10 cr today.
  
  The inter-se share is as per the recommendations of the XV Finance Commission. #IndiaFightsCorona pic.twitter.com/QdcwNtpov7

  — Ministry of Finance 🇮🇳 #StayHome #StaySafe (@FinMinIndia) April 20, 2020