tax collection

GST will also impact direct tax collection: Arun Jaitley

GST will also impact direct tax collection: Arun Jaitley

The Finance Minister said that even before GST was rolled out, the impact of demonetisation has expanded the number of assessees under the personal income tax.

Aug 30, 2017, 18:20 PM IST
25% surge in filing of IT returns : Central Board of Direct Taxes

25% surge in filing of IT returns : Central Board of Direct Taxes

The chamber also noted a 41.79 percent increase in the advance tax collections of Personal Income Tax, as on August 05. 

Aug 07, 2017, 17:54 PM IST
Direct tax collection grows 21% till mid-July FY'18

Direct tax collection grows 21% till mid-July FY'18

The government has collected over Rs 1.80 lakh crore in direct tax till July 15 in the current fiscal, an increase of 21.4 pre cent year-on-year, "belying" fears of slowdown in economic activities.

Aug 01, 2017, 17:51 PM IST
GST to reduce inflation by 1-2% by year end: Revenue Secretary

GST to reduce inflation by 1-2% by year end: Revenue Secretary

 The Goods and Services Tax (GST) will help bring down the inflation by one to two percent by the end of this year, Revenue Secretary Hasmukh Adhia has been quoted, as saying.

 

Jul 11, 2017, 14:37 PM IST

GSTIN display on sign boards must for businesses

Traders and businesses will have to display the GST registration number on their business sign boards and the registration certificate in premises.

Jul 10, 2017, 20:38 PM IST
Govt exceeds FY17 tax collection target at Rs 17.10 lakh cr

Govt exceeds FY17 tax collection target at Rs 17.10 lakh cr

The government has exceeded the tax collection estimates for 2016-17 fiscal at Rs 17.10 lakh crore.

 

Apr 04, 2017, 13:07 PM IST
Indirect tax revenue grows 22% in Apr-Feb; direct tax up 10.7%

Indirect tax revenue grows 22% in Apr-Feb; direct tax up 10.7%

The government's revenue collection from indirect tax during April-February grew by an impressive 22.2 percent while that of direct tax rose by 10.7 percent.

 

Mar 10, 2017, 13:53 PM IST
Indirect tax revenue grows 24% in Apr-Jan; direct tax up 10.79%

Indirect tax revenue grows 24% in Apr-Jan; direct tax up 10.79%

Government's revenue collection from indirect tax grew by an impressive 23.9 percent during the April-January period, while that from direct tax rose by 10.79 percent.

Feb 10, 2017, 15:16 PM IST
Budget 2017: A Detailed Overview of Economy

Budget 2017: A Detailed Overview of Economy

The economy under Modi's leadership has seen a major improvement in the past ten months on several fronts; however, certain hiccups are still there which will take time to sort out.

Jan 17, 2017, 15:31 PM IST
Impact of demonetisation visible, double-digit growth in India's tax collection figures: Arun Jaitley

Impact of demonetisation visible, double-digit growth in India's tax collection figures: Arun Jaitley

Union Finance Minister Arun Jaitley on Thursday said that the impact of demonetisation is clearly visible with tax collection figures seeing double-digit growth.

Dec 29, 2016, 17:15 PM IST
Indirect tax collection jumps 26% in April-September, direct tax 9%

Indirect tax collection jumps 26% in April-September, direct tax 9%

Government's revenue collection in April to September -- the first half of the current fiscal -- saw indirect tax-mop up growing at an impressive 26 percent while that of direct tax came in at a tepid 9 percent.

Oct 10, 2016, 22:44 PM IST
Indirect tax collection up 30% in June quarter against last FY

Indirect tax collection up 30% in June quarter against last FY

The collection up to June indicate that 25.7 percent of the annual budget target of indirect taxes has been achieved in the first three months of the fiscal.

Aug 16, 2016, 19:52 PM IST
Direct tax mop-up jumps 24% to Rs 1.59 lakh crore in Apr-Jul

Direct tax mop-up jumps 24% to Rs 1.59 lakh crore in Apr-Jul

Direct tax collection registered a growth of 24.01 per cent to Rs 1.59 lakh crore during the April-July period of the current financial year.

Aug 09, 2016, 20:56 PM IST
Indirect tax collections up 30% to Rs 2.71 lakh crore till July

Indirect tax collections up 30% to Rs 2.71 lakh crore till July

Indirect tax collections rose by 29.9 percent during April-July period of the current fiscal to Rs 2,71,719 crore, mainly due to impressive growth in central excise duty mop-up.

Aug 09, 2016, 20:52 PM IST
Direct tax mop-up jumps 25% to Rs 1.24 lakh crore in Apr-Jun

Direct tax mop-up jumps 25% to Rs 1.24 lakh crore in Apr-Jun

Direct tax collection registered a growth of 24.79 percent to Rs 1.24 lakh crore during April- June period, mainly on account of early advance tax mop-up.

Jul 08, 2016, 18:41 PM IST
Scope for expansion of tax base: Hasmukh Adhia

Scope for expansion of tax base: Hasmukh Adhia

A day after Prime Minister Narendra Modi spoke about near-doubling of taxpayer base to 10 crore, Revenue Secretary Hasmukh Adhia on Friday sought to contextualise the statement saying he was talking about "scope for expansion" and getting to that mark is "impossible".

Jun 17, 2016, 22:12 PM IST

Tax collection in 2015-16 exceeds target by Rs 5,000 cr

Helped by buoyancy in indirect taxes, the government managed to surpass the total tax collection target for 2015-16 by Rs 5,000 crore at Rs 14.60 lakh crore.

Apr 06, 2016, 21:00 PM IST
Direct tax collection at Rs 5.47 lakh crore till Feb 13

Direct tax collection at Rs 5.47 lakh crore till Feb 13

Total collection from direct taxes stood at Rs 5.47 lakh crore as on February 13, which is 68.7 percent of the budget target for the fiscal.

Feb 22, 2016, 20:19 PM IST

India lightly taxed; help govt collect more: Sinha to CA

India is a "lightly taxed" nation, Minister of State for Finance Jayant Sinha said Thursday, urging CAs to help the government collect due taxes and raise the tax-GDP ratio to 20 percent.

Feb 11, 2016, 19:22 PM IST

Indirect tax mop-up paces up, grows 36% during Apr-Oct 2015

In October 2015, indirect tax revenue collections rose 36.8 percent from a year ago.

Nov 10, 2015, 00:12 AM IST