Government Exceeds Tax Target With Strong Direct Tax, GST
In a positive turn of events for the Indian economy, the Indian government is poised to exceed its gross tax…
Tag: tax collection
Government to stick to Rs 33.61 lakh crore tax collection target in revised estimate
The government is likely to stick to the budgeted estimate of total tax collection target of Rs 33.61 lakh. crore…
Better tax collection helps limit fiscal deficit at 45% of Budget Estimate
Sustained growth in tax collection helped the Centre limit fiscal deficit (difference between income and expenditure) during April-October period to…
India’s direct tax-to-GDP ratio rising on better data from demonetisation and GST
The Central government’s tax collections have been steadily growing faster than the nominal GDP for the past two-and-a-half years; and…
GST evasion: Taxmen using data analytics to identify ‘missing link’ in supply chain
GST officers are using data analytics to ascertain if the entire supply chain in a particular sector is paying adequate…
Gross Direct Tax collections for the FY 2022-23 register a growth of 25.90%
The figures of Direct Tax collections for the Financial Year 2022-23, as on December 17, 2022 show that net collections…
Direct tax collections up 24.3% in April-Nov, despite high refunds
The Centre’s direct tax collections, net of refunds, have increased by over 24% on year in the first eight months…
Tax Collection To Exceed Budget Estimate By Nearly Rs. 4 Lakh Crore: Revenue Secretary
India’s tax collection will exceed the budget estimate by nearly Rs. 4 lakh crore in the current fiscal on the…
Direct tax collection grows 40% driven by personal income tax from Apr-Jul
During the April-July period, the central government achieved more than a third of the direct tax collection for this financial…
Various measures taken by Government contribute to increase in tax collection
Various factors like rapid economic recovery post COVID, better compliances due to various measures taken by Government have contributed to…