In 2023, Maharashtra collected the highest goods and services tax (GST) revenue, amounting to over *** trillion Indian rupees. In contrast, the northeastern state of Assam collected GST of *** billion rupees

Monthly updated dashboard tracking India's Goods and Services Tax (GST) performance, including gross and net revenues, tax component breakdown (CGST, SGST, IGST, Cess), refunds, and state-wise data with year-on-year growth trends.

According to Cognitive Market Research, the Global Industrial Alcohol Market Size will be USD XX Billion in 2025 and is set to achieve a market size of USD XX Billion by the end of 2033 growing at a CAGR of XX% from 2025 to 2033. North America held largest share of XX % in the year 2024 Europe held share of XX % in the year 2024 Asia-Pacific held significant share of XX % in the year 2024 South America held significant share of XX % in the year 2024 Middle East and Africa held significant share of XX % in the year 2024 Market Dynamics of Industrial Alcohol Market

Key Drivers for Industrial AlcoholMarket

Growing Interest in Biofuels The need for ethanol-based fuels has increased due to the growing focus on renewable energy sources, making industrial alcohol a crucial element in the energy industry. ? Growth in Personal Care and Pharmaceuticals Particularly during international health emergencies, industrial alcohols—most notably isopropyl and ethyl alcohol—are essential to the manufacturing of sanitizers, disinfectants, and other pharmaceutical formulations. Increased Use of Chemicals and Solvents Industrial alcohols are used as solvents and intermediates in the chemical industry for a variety of products, including paints, coatings, adhesives, and inks.

Economic Implications: Impact on Industry and Revenue Generation boost the market growth

The decision's ability to increase state revenue is another important consequence. Since industrial alcohol is now considered "intoxicating liquor," state governments have the power to tax its manufacture, sale, and distribution. States may benefit greatly from this, particularly in areas where the alcohol sector is a major source of income. State funds may be used for public health initiatives, law enforcement, and education about the risks of alcohol abuse if industrial alcohol taxes were collected. However, the decision can have a financial impact on the sectors of the economy that depend on industrial alcohol. producers of industrial goods that use alcohol as a raw material, such as paints, cosmetics, medications, and cleaning products. For instance, 10 July 2023, more regulations will now apply to the material, which may raise operating expenses. These companies may need to modify their supply chains, raise the price of compliance, or impose higher taxes on customers. States could, however, also use the additional money they get to fund initiatives that help these sectors, such tax exemptions, subsidies, or public-private partnerships that promote innovation and guarantee safe production methods. (Source- https://cbic-gst.gov.in/hindi/) For instance, October 23, 2024- an important turning point in the legal and regulatory environment surrounding industrial alcohol was marked by the Supreme Court of India's historic decision on October 23, 2024. This ruling changed the way industrial alcohol is regarded under Indian law and has significant ramifications for both public health and governance by confirming that state go. (Source- https://www.thehindu.com/news/ ) Thus, the decision can have a financial impact on the sectors of the economy that depend on industrial alcohol. producers of industrial goods that use alcohol as a raw material, such as paints, cosmetics, medications, and cleaning products.

Restraint Factor for Industrial Alcohol Market

Growing Awareness of Biofuels Industrial alcohol is an essential component of the energy sector since the demand for ethanol-based fuels has grown as a result of the increased emphasis on renewable energy sources. ? Growth in Pharmaceuticals and Personal Care The production of sanitizers, disinfectants, and other pharmaceutical formulations depends on industrial alcohols, most notably isopropyl and ethyl alcohol, especially during global health emergencies. Growing Utilization of Solvents and Chemicals In the chemical industry, industrial alcohols are employed as solvents and intermediates for a range of goods, such as paints, coatings, adhesives, and inks.

Environmental Difficulties in the Manufacturing of Industrial Alcohol

Industrial alcohol production presents serious environmental issues that may hamper market expansion, particularly when it is based on fossil fuels. These difficulties include the ecological risks brought on by the release of dangerous chemicals, as well as the poisoning and depletion ...

The State Government Administration industry comprises the eight state and territory governments across Australia. Under the Australian Constitution, these governments are responsible for all functions not expressly assigned to the Commonwealth, including public education, hospitals, transport infrastructure, law enforcement and local planning. This industry captures the central administrative and service delivery roles of each jurisdiction and overlaps with other industry classifications like government schools and public hospitals. For instance, teachers employed by public schools are counted in both the State Government Administration and Government Schools industries. State and territory governments primarily generate revenue through taxation and Commonwealth transfers, including tied grants and GST distributions. In 2025-26, these sources accounted for around 73% of total revenue, highlighting the industry’s dependence on predictable funding streams. The industry doesn't earn a traditional profit; instead, it reports a net operating balance. Despite rising revenue, most jurisdictions are currently operating in deficit, with mounting healthcare, infrastructure and education spending outpacing income. Recent budgets have introduced wage caps, hiring restraints and delayed capital works to contain costs, though sustained service demand continues to pressure state finances in the short term. In 2025-26, industry revenue is estimated to reach $405.1 billion, growing at an annualised 2.8% over the last five years. This includes a modest increase of 1.7% in 2025-26, supported by stronger payroll tax collections and recovering GST receipts. Robust employment growth has lifted payroll tax receipts, while structural reforms, like Victoria’s commercial land tax replacing stamp duty, have smoothed property-related revenue volatility. Still, rising operating costs, particularly in healthcare and early childhood education, have placed sustained pressure on state finances. States like Victoria and Western Australia committed billions in their recent budgets to hospital redevelopments, workforce incentives and new preschool infrastructure, amplifying recurrent spending demands. Meanwhile, fiscal consolidation efforts continue, with governments extending wage caps and deferring some non-essential capital works to manage deficits. Looking forwards, revenue is projected to grow at an annualised 2.1% through 2030-31, to reach $448.6 billion. Revenue derived from taxation, grants and subsidies is set to climb, driven by improving economic conditions.

Key information about India Tax revenue: % of GDP

• India Tax revenue: % of GDP was reported at 6.8 % in Dec 2024.
• This records a decrease from the previous number of 9.1 % for Sep 2024.
• India Tax revenue: % of GDP data is updated quarterly, averaging 7.4 % from Jun 1997 to Dec 2024, with 111 observations.
• The data reached an all-time high of 10.8 % in Mar 2015 and a record low of 3.0 % in Jun 2003.
• India Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from monthly Tax Revenue and quarterly Nominal GDP. The Controller General of Accounts provides Tax Revenue in local currency. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008. Tax Revenue covers Central Government only. Nominal GDP prior to Q2 2011 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q2 2004 is based on SNA 1993, at 1999-2000 prices.

At the end of 2024, the number of entities liable to pay the goods and services tax in India under the "normal taxpayer" category consisted of more than ********** taxpayers. Overall, there were over ********** registered GST taxpayers during this time. The GST was introduced by the Indian government on July 1, 2017, as a singular indirect tax on the supply of goods and services, which replaced most of the existing indirect taxes levied in the country. GST structure While the GST is paid by consumers, it is conveyed to the government by the businesses providing the goods and services. Currently, GST has a tier tax structure of * percent, ** percent, ** percent, and ** percent, with some exceptions for gold and real estate. Items such as food, education, and healthcare are exempt from GST. Luxury items and comfort goods are categorized under higher slabs, whereas necessities are included in lower and nil slab rates. The Goods and Services Tax Network (GSTN) provides a single interface for taxpayers and governments. The system provides processes like registration, filing of returns, and tax payments, online. Impact on the economy GST implementation has proved to be beneficial on various fronts. These include higher revenues, uniformity in taxation, increased transparency, elimination of cascading taxes, online process, and efficient logistics and distribution system. As the GST gains wider acceptance, it is slowly leading to the formalization of the Indian economy.

Government Revenues in India increased to 732963 INR Tens of Million in May from 279288 INR Tens of Million in April of 2025. This dataset provides - India Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Revenue, expenditure and budgetary balance of 7 levels of general governments, by province and territory.

Revenue, expenditure and budgetary balance of six levels of general governments.

Key information about Canada Tax Revenue

• Canada Tax Revenue was reported at 26.707 USD bn in Dec 2024.
• This records an increase from the previous figure of 22.682 USD bn for Nov 2024.
• Canada Tax Revenue data is updated monthly, averaging 14.917 USD bn from Jan 1996 to Dec 2024, with 348 observations.
• The data reached an all-time high of 29.059 USD bn in Feb 2024 and a record low of 5.257 USD bn in Apr 1996.
• Canada Tax Revenue data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: USD: Monthly.

CEIC converts monthly Tax Revenue into USD. The Department of Finance Canada provides Tax Revenue in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.