Tax collection on course to grow 3 times to over Rs.19 lakh crore in 10 years of Modi Government

Personal income and corporate tax collections are likely to rise to more than Rs.19 lakh crore in 10 years of Prime Minister Narendra Modi-led Government, providing more leeway to come out with people-friendly tax measures. Driven by the increasing income of individuals, net direct tax collections after adjusting for refunds increased from Rs.6.38 lakh crore in FY 2013-14 […]

GST biometric registrations

To bring about transparency in GST registrations, the state government launched 1reg2 GST service centres in November. Based on the pilot project being implemented in Gujarat to carry out biometric authentication of new applicants of GST registration, the applicants can book an online slot to get their registration and verification completed. Some 5,000 biometric authentications have been carried out since November 7. […]


The Provisional Collection of Taxes Act, 2023 received the assent of the President on 28.12.2023. MINISTRY OF LAW AND JUSTICE (Legislative Department) The following Act of Parliament received the assent of the President on the 28th December, 2023 and is hereby published for general information:— 29th December, 2023 THE PROVISIONAL COLLECTION OF TAXES ACT, 2023 […]

Mahindra & Mahindra hit with GST penalty

Auto major Mahindra & Mahindra Ltd on Friday (December 29) said it has been imposed a penalty of Rs.4.12 crore by the deputy commissioner, state tax, audit wing of Indore, Madhya Pradesh. The penalty is related to the erstwhile two-wheeler business of Mahindra Two Wheelers Ltd (MTWL), which underwent demerger and subsequent merger with M&M. “…we would […]

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