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Latest Articles in tax collections

States Fiscal Deficit Seen Spiking To Historic High Of 4.7%

Revenue collections are expected to reach close to the pre-pandemic level next fiscal, factoring in unlocking that began in July 2020 and a real GDP growth forecast of 10 per cent in FY22.

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India Sees 'Strong Recovery' Take Root, Sitharaman Says

The Indian economy, which the International Monetary Fund singled out as a global bright spot only a few years ago, was the worst performing major economy globally in the April-June period, contracting 23.9% amid a stringent lockdown to curb the spread of the pandemic.

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Finance Commission Meets Advisory Council To Assess Covid-19 Impact On State Finances

While noting that tax collections can be considerably affected by the COVID-19 pandemic, some members said the impact on tax collections may also be asymmetric.

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