India, April 3 -- Even as debt and fiscal deficit rose sharply in the last two years, Maharashtra's revenue in FY25-26 fell significantly across key heads - Goods and Services Tax (GST), excise duty, motor vehicle tax, and stamp duty and registration of properties. This led to a revenue shortfall of around Rs.41,000 crore against budget estimates, slowing capital expenditure and development projects.

Provisional figures at the end of the financial year put total revenue receipts at Rs.5.60 lakh crore, falling short of the revised estimate of Rs.6.01 lakh crore from a budget estimate of Rs.5.60 lakh crore, largely due to underperformance by major departments.

Stamp duty and registration collections were Rs.61,283 crore, below the budget ...