Tax Collection Increase
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Centre, States Equal Stakeholder In GST, Revenues Shared Equally: Report
Amid news regarding the impact of the 'Next Gen GST', government sources clarified that the Centre is an equal partner in revenue sharing with the states and that its proposal anticipates a revenue boost over time, driven by increased consumption.
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GST Collections Rise 7.5% In July To Rs 1.96 Lakh Crore
India's Goods and Services Tax (GST) collections rose to Rs 1.96 lakh crore in July, up 7.5 per cent from the same month previous year, according to government data released on Friday.
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Net Direct Tax Collection In FY25 Surges By 20%, Reaches Rs 4.62 Lakh Crore
The Ministry of Finance has announced a robust growth in India's direct tax collections for the financial year 2024-25, with net collections increasing by 20.99 per cent and gross collections growing by 22.19 per cent.
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GST Revenues Hit Record Rs 2.10 Lakh Crore In April. Here's What Led To It
Goods and Services Tax collections grew 12.4 per cent to a record high of Rs 2.10 lakh crore in April, aided by strong economic momentum and increased domestic transactions and imports, the finance ministry said today.
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Civic Body In Gujarat To Reduce "Dog Tax" After Response From Pet Owners
With the Vadodara Municipal Corporation's move to collect "dog tax" getting a poor response, the civic body has decided to reduce the amount from the next financial year and make the process easier for pet owners to increase compliance.
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Tax Collection Growing By 15-20 Per Cent Every Year: Arun Jaitley
With a 15-20 per cent average increase in direct tax collections in recent years, government revenues are certain to grow, even as the economy becomes more formalised with Indians adopting technology in greater numbers, Finance Minister Arun Jaitley said on Thursday.
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18 Per Cent More Direct Taxes Collected After GST, Says Arun Jaitley
Union minister Arun Jaitley said today there was an increase of 18 per cent in direct taxes last year due to the Goods and Services Tax or GST and demonetisation. In the last four years of NDA government, there has been an increase of 1.5 per cent in overall taxes, the minister said.
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Budget 2018: Direct Tax Collections Rise Over 18% In April-December
Gross collections (before adjusting for refunds) have increased by 12.6 per cent to Rs 7.68 lakh crore during April to December 2017.
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Direct Tax Collections Surge 14% In April-November 2017
Direct tax collections increased by 14.4% to Rs 4.8 lakh crore during April-November this fiscal.
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Nitish Kumar Party Leads Pack Of Lawmakers In Trouble With Tax Officers
Tax officials have found that 28 lawmakers in Bihar, most of them from the ruling Janata Dal United have assets collectively worth more than Rs 30 crore, and that their wealth is incongruous with their stated sources of income
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Mercedes-Benz Wants Taxes On Luxury Cars To Be Reduced In India
Mercedes-Benz has pitched for lower taxes on luxury cars in India, saying the move will help in job creation as well as increase tax collection from the segment. The company says that "better treatment" in terms of taxation could lead to growth of luxury car segment in the country.
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Flipkart, Amazon, Snapdeal Argue Against GST's Tax Collection at Source Provision
In a rare show of solidarity, Flipkart, Amazon, and Snapdeal joined forces to lobby against a provision of the upcoming Goods and Services Tax, which will increase business complexity for them.
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Tax Meet Ends With Pledge To Get More Taxes Without Coercion
A day after Prime Minister Narendra Modi cracked the whip on top tax officers in the country and asked them to increase the tax net without intrusive methods that create fear among tax payers, the Central Board for Direct Taxes said that one crore people and entities are under scrutiny for tax liabilities.
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Centre, States Equal Stakeholder In GST, Revenues Shared Equally: Report
Amid news regarding the impact of the 'Next Gen GST', government sources clarified that the Centre is an equal partner in revenue sharing with the states and that its proposal anticipates a revenue boost over time, driven by increased consumption.
-
GST Collections Rise 7.5% In July To Rs 1.96 Lakh Crore
India's Goods and Services Tax (GST) collections rose to Rs 1.96 lakh crore in July, up 7.5 per cent from the same month previous year, according to government data released on Friday.
-
Net Direct Tax Collection In FY25 Surges By 20%, Reaches Rs 4.62 Lakh Crore
The Ministry of Finance has announced a robust growth in India's direct tax collections for the financial year 2024-25, with net collections increasing by 20.99 per cent and gross collections growing by 22.19 per cent.
-
GST Revenues Hit Record Rs 2.10 Lakh Crore In April. Here's What Led To It
Goods and Services Tax collections grew 12.4 per cent to a record high of Rs 2.10 lakh crore in April, aided by strong economic momentum and increased domestic transactions and imports, the finance ministry said today.
-
Civic Body In Gujarat To Reduce "Dog Tax" After Response From Pet Owners
With the Vadodara Municipal Corporation's move to collect "dog tax" getting a poor response, the civic body has decided to reduce the amount from the next financial year and make the process easier for pet owners to increase compliance.
-
Tax Collection Growing By 15-20 Per Cent Every Year: Arun Jaitley
With a 15-20 per cent average increase in direct tax collections in recent years, government revenues are certain to grow, even as the economy becomes more formalised with Indians adopting technology in greater numbers, Finance Minister Arun Jaitley said on Thursday.
-
18 Per Cent More Direct Taxes Collected After GST, Says Arun Jaitley
Union minister Arun Jaitley said today there was an increase of 18 per cent in direct taxes last year due to the Goods and Services Tax or GST and demonetisation. In the last four years of NDA government, there has been an increase of 1.5 per cent in overall taxes, the minister said.
-
Budget 2018: Direct Tax Collections Rise Over 18% In April-December
Gross collections (before adjusting for refunds) have increased by 12.6 per cent to Rs 7.68 lakh crore during April to December 2017.
-
Direct Tax Collections Surge 14% In April-November 2017
Direct tax collections increased by 14.4% to Rs 4.8 lakh crore during April-November this fiscal.
-
Nitish Kumar Party Leads Pack Of Lawmakers In Trouble With Tax Officers
Tax officials have found that 28 lawmakers in Bihar, most of them from the ruling Janata Dal United have assets collectively worth more than Rs 30 crore, and that their wealth is incongruous with their stated sources of income
-
Mercedes-Benz Wants Taxes On Luxury Cars To Be Reduced In India
Mercedes-Benz has pitched for lower taxes on luxury cars in India, saying the move will help in job creation as well as increase tax collection from the segment. The company says that "better treatment" in terms of taxation could lead to growth of luxury car segment in the country.
-
Flipkart, Amazon, Snapdeal Argue Against GST's Tax Collection at Source Provision
In a rare show of solidarity, Flipkart, Amazon, and Snapdeal joined forces to lobby against a provision of the upcoming Goods and Services Tax, which will increase business complexity for them.
-
Tax Meet Ends With Pledge To Get More Taxes Without Coercion
A day after Prime Minister Narendra Modi cracked the whip on top tax officers in the country and asked them to increase the tax net without intrusive methods that create fear among tax payers, the Central Board for Direct Taxes said that one crore people and entities are under scrutiny for tax liabilities.
