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Latest Articles in tax collection

Tax Collections Touched ₹ 27.07 Lakh Crore In 2021-22: Revenue Secretary

Tax collections touched a record high of ₹ 27.07 lakh crore in 2021-22 as mop-up from income and other direct taxes as well as indirect taxes jumped

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Govt To Exceed Tax Collection Target In FY22: Revenue Secy Tarun Bajaj

"After refunds also, we have touched almost Rs 6 lakh crore till October in direct taxes... It is looking good. Hopefully, we should exceed it.

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Higher Q1 Tax Mop-Up Shows Economy On Recovery Path: Govt

Net direct tax collection in the April-June quarter of the current fiscal is over Rs 2.46 lakh crore, as against more than Rs 1.17 lakh crore during the same period of the previous fiscal.

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Govt's Net Tax Collection Rises 86% To Rs 5.57 Lakh Cr In Q1

The net indirect tax collection in the first quarter of FY 2021-2022 was Rs 3,11,398 crore as against Rs 1,82,862 crore during the same period a year ago, representing a growth of 70.3 per cent.

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Govt Set To Overshoot FY22 Tax Collection Target As Q1 Mop-Up Reaches Rs 5.6 Lakh Cr: Icra

The revenue department is yet to officially release tax collection data, but the finance ministry informed the Lok Sabha on July 19 that Q1 tax revenue mop-up reached Rs 5.6 lakh crore.

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India's April-Jan Fiscal Deficit Hits 66.8% Of Full-Year Target

Net tax receipts were 11.02 trillion rupees, while total expenditure was 25.17 trillion rupees, the data showed.

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Total Tax Collection Falls 22.5% Till Sep 15

The total collection fell 22.5 per cent, led by a 13.9 per cent dip in collections from Mumbai, which is the largest tax base, contributing to more than a third of the national collection.

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GST Mop-Up Crosses Rs 1 lakh Crore

The government, however, said the revenues shot up sharply in November due to festival demand in October.

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Tax Unions Irked By Modi's Switch To Faceless Assessment: Letter

Making the biggest recent reform of tax collection methods, the government introduced faceless assessment this month.

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Rs 65,000 Crore GST Credit: CBEC Scans High-value Claims

In light of such huge claims, CBEC Member Mahender Singh in the letter to chief commissioners said that as per the GST law, carry forward of transitional credit is permitted only when such credit is permissible under the law

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The Tax Reform GST At Last, But Much Still To Be Done

While progress on GST implementation has picked up pace, there is still a lot to be done, both by the government and the industry

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Marginal Rise In Professional Tax Collection In 2015-16

Collection of professional tax in Maharashtra has registered a marginal rise of just Rs three crore in last financial year

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