Tax Collection

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Tax Collection - Total results - 34
Don't overreach, overstate; act with a bit of restraint, says Finance Minister Nirmala Sitharaman to tax authorities
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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

I-T dept explains how it identified 60,000 people for probe after note ban: Full text
Business

I-T dept explains how it identified 60,000 people for probe after note ban: Full text

In the statement posted on the website, the department said it used advanced data analytics to detect the potential tax evaders

Govt's FY17 tax collection at Rs 17.10 lakh cr exceeds estimates; PMGKY garners Rs 2,300 cr
Business

Govt's FY17 tax collection at Rs 17.10 lakh cr exceeds estimates; PMGKY garners Rs 2,300 cr

The revised estimates (RE) provided in Budget on 1 February had projected tax collections of Rs 16.97 lakh crore.

Union Budget 2017: Arun Jaitley has got his math wrong as sharp fall in economy not factored in
Business

Union Budget 2017: Arun Jaitley has got his math wrong as sharp fall in economy not factored in

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.

Budget 2017 opinion round-up: Scathing criticism and praise for Arun Jaitley
Business

Budget 2017 opinion round-up: Scathing criticism and praise for Arun Jaitley

Some feel Union Budget failed to deal with the pain induced by demonetisation, while others feel this is what Arun Jaitley could have done

Tax collection has increased, but Arun Jaitley may be jumping guns by linking it to note ban
Business

Tax collection has increased, but Arun Jaitley may be jumping guns by linking it to note ban

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.

Demonetisation: Arun Jaitley says tax mop-up rising, sees no slowdown
Business

Demonetisation: Arun Jaitley says tax mop-up rising, sees no slowdown

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 Google met Indonesian tax officials to negotiate unpaid taxes
News & Analysis

Senior executives from Google met Indonesian tax officials to negotiate unpaid taxes

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.