indirect taxes

Govt’s 80% GST collection comes from these businesses; listed firms top GST contributor

Public listed companies comprise a mere 0.62 per cent of the overall taxpayer base, but they contributed 35.29 per cent of the GST revenues.

gst, private companies, goods and services tax, GSTN, GST network

GST collection falls even as govt raises monthly target; doubts over ambitious March goal

GST collections in February stood at Rs 1.05 lakh crore, which is Rs 10,000 crore shorter than the revised target.

gst collecton, gst in february, indirect tax collection, goods and services tax

GST taxpayer alert! You need to be careful in filing November GST return after change of rule last month

GST alert! GST returns to be filed this month are the first returns after the change of rule in October. Experts advise taxpayers to be careful while calculating the ITC amount.

GST, Customs, Excise, CBDT, CBIC, CBEC

Exclusive: Latest GST circular puts an end to confusion over new input tax credit rules

CBIC's latest GST circular clears air over several key issues such as how to calculate 20% amount over and above the eligible amount of ITC, cut-off dates and where the new rule will not be applicable.

GST, GST collections, CGST, IGST, Credit Suisse, GST revenues, GDP growth, privatisation, fiscal deficit

GST, Excise & Customs Duty Taxpayers! Here’s how you can check authenticity of tax notice

CBIC-DIN: CBIC will initially use DIN for investigation related matters under the GST and Customs and Excise Duty.

CBIC-DIN, GST, Excise & Customs Duty,

GST taxpayers alert! CBIC is going to use this unique number from Friday, here’s how it will benefit you

GST Latest Circular: CBIC has made it compulsory to use a unique document identification number (CBIC-DIN) to protect honest taxpayers from any harassment.

GST, GST News, GSTN, GST Circular, GST Latest News, GSTR 1, GSTR 3B, Nirmala Sitharaman

Direct tax collection jumps 18% to Rs 43,391 cr in Apr-May

Net direct tax collections jumped by 18 per cent to Rs 43,391 crore during the first two months of the current fiscal, the government said today.

Switzerland, black money, tax havens, Narendra Modi, stolen data, swiss bank

Indirect tax mop up grows 41 per cent on central excise spurt

Excluding the collections through additional resource mobilisation measures, indirect tax mop-up rose by 17 per cent in April.


Centre to evenly spread out spending in FY17

Analysts have given the credit for India’s likely achievement of 7.6% growth in FY16 from 7.2% in FY15 to enhanced spending

Basking in an illusory sunshine

The Revenue secretary is reported to have sent a missive to the Central Board of Direct Taxes asking the board to explain why direct taxes collection had fallen short of the revised estimates.

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Indirect tax mop-up beats revised estimate target of Rs 7.04 lakh crore

Total indirect tax collection has surpassed the revised estimate target of Rs 7.04 lakh crore for 2015-16, a senior finance ministry official said today.

Budget 2016: Fresh cesses set to bring stress to your pleasure trips

FM proposed a Krishi Kalyan Cess on all taxable services, which will drive up the effective service tax rate to 15%

Fiscal deficit at 88% of FY16 target in Apr-Dec

Continued buoyancy in indirect taxes, curbs on expenditure help contain deficit at Rs 4.88 lakh crore

Indirect tax collection increases by 35.8%

The indirect tax collection has increased by 35.8 per cent in the first six months of the current fiscal to 3.24 lakh crore rupees, hitting more than 50 per cent of the annual target.

Indirect tax collections up 36.5% in April-August; 12.2% after stripped of extra levies

Indirect tax collections grew 36.5% in the first five months of the year and by 12.2% even after stripping of additional levies imposed since last Budget...


Indirect tax collections pace up, grow 37.5% in April-June: Arvind Subramanian

Arvind Subramanian said this indirect tax collections reflect in part the effect of the additional measures taken by the central government, including an excise duty increase on diesel and petrol and gold, besides a hike in s

Arvind Subramanian on US Fed rate hike

Indirect tax receipts rise 37% in May

Finance minister Arun Jaitley said on Wednesday that indirect tax receipts grew 37.3% annually in May this year, mainly on account of extra levies imposed this year.

Indirect tax collection exceeds target by Rs 4,000 cr in FY15

The collection of indirect taxes has surpassed the revised estimates by Rs 4,000 crore to reach Rs 5.46 lakh crore for the fiscal ended March 2015...

arun jaitley on discoms

Service tax field offices quadrupled to boost revenue

With this, Mumbai will have seven commissionerates exclusively dealing with this tax...

Fii, FDi, overseas investors
Income Tax Calculator, Budget 2019, How to Calculate Income Tax

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