India may miss tax collection target for 2019-20 by Rs 2.5 lakh cr; it's time to junk DDT, reform personal income tax: SC Garg
The government had budgeted gross tax revenues of Rs 24.59 lakh crore.
Don't overreach, overstate; act with a bit of restraint, says Finance Minister Nirmala Sitharaman to tax authorities
Meeting targets within deadlines was achievable even if they go about it with a bit of a "restraint", Nirmala Sitharaman said
Maharashtra GST collection up 6.4% in Q1 at Rs 46,587 cr; sets target to become $1-trillion economy by 2025
Maharashtra's share in GST collection was 14.44 percent in FY19, when the state collected Rs 1.7 lakh crore while the national GST collection in FY19 was Rs 11.77 lakh crore, he said.
CBDT raises alarm as direct tax collection remains short of 15%; officials asked to pull up socks to achieve target
The officer expressed CBDT's disappointment at this situation and has asked the supervisory tax officials to pull up their socks and ensure no stone remains unturned to achieve the target.
GDP growth at 7.1% in Q2: With economy struggling to keep pace, 7.5% full year target looks difficult
The gross domestic product (GDP) growth rates will remain in the news for quite some time now.
In actual terms, the fiscal deficit or gap between the total expenditure and receipts was Rs 5.91 lakh crore in the first five months period of 2018-19 financial year
Goyal said with more number of people coming under GST, and successful implementation of e-way bill system, there will be scope for rationalisation of tax slabs
States are likely to gain an additional Rs 37,426 crore in revenue in the current fiscal on the back of surge in oil prices and better tax collection due to the GST, says a SBI research report
Reforms such as GST and demonetisation will improve tax collection and broaden the tax base in India overtime, Moody's Investors Service said
ToR of 15th Finance Commission: It pays to look beyond the population criterion and work out a performance-based formula
Population has been one of the parameters but has become controversial as it has been interpreted as being discriminatory on account of the change in the base year from 1971 to 2011 for calculating allocations.
GST collection falls in February: Experts expect it to go up this month on year-end accruals, e-way bill
With the GSTN systems being stabilised to a large extent and compliance level increasing the collections are bound to improve in the first quarter of next fiscal year.
GST revenue in FY19 to grow at 14-16%; speculative collection target of Rs 7.4 lakh cr is 67% higher than RE: SBI
GST receipts during the current fiscal will only be for 9 months as the new indirect tax regime was implemented from July.
Silencing demonetisation critics: It's time Modi govt should boldly publish names of money launderers
The Modi government must therefore silence the critics by nailing dubious deposits made during the demonetisation period
In the statement posted on the website, the department said it used advanced data analytics to detect the potential tax evaders
The revised estimates (RE) provided in Budget on 1 February had projected tax collections of Rs 16.97 lakh crore.
The budget can be said to hide more than it reveals. It is framed assuming business as usual – something that is not true post November 2016. This is a fatal mistake.
Some feel Union Budget failed to deal with the pain induced by demonetisation, while others feel this is what Arun Jaitley could have done
There is a lot of data; it will take at least one year for the government to analyse. Also the question is whether the demonetisation has increased the tax base.
Dismissing concerns of slowdown due to demonetisation, Finance Minister Arun Jaitley said on Monday that both direct and indirect tax collections have shown robust increase during the April-December period, indicating uptick in economic activity including manufacturing.
Senior executives from the Asia-Pacific headquarters of Alphabet Inc's Google met Indonesian tax officials on Wednesday to negotiate the internet search company's tax bill, a person with knowledge of the matter told Reuters.