Tax Collection

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.

Govt finances show improvement in August with fiscal deficit at 94.7 percent of budget estimate

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

GST collections will exceed Rs 13 lakh crore in current fiscal, says finance minister Piyush Goyal

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

Higher oil prices, GST collections may boost states revenue by Rs 37,400 cr this fiscal: SBI report

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

GST and demonetisation will improve tax collection, broaden tax base in India, says Moody's

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.