Also, there are talks going on that the government would give relaxation to start-ups who have already had negative assessment…
The GST is now helping the consumption-led states to report revenue growth much higher than manufacturing states.
Since then, GST compliance has been curtailed to single summary return filing form although its expected that a comprehensive yet…
The growth trajectory in direct tax collection closely resembles the growth in effective taxpayer base, rather than the number of…
The proposed GST rate cut with denial of input tax credit to builders would come with a condition that builders…
While the states’ overall GST ‘revenue shortfall’ against the assured level has come down from 20% last year (July-March) to…
The rates could vary from 1% to 5% with higher rates to be applied on more expensive houses along with…
If the historical mop-up trend serves any guidance, some 65% of the annual direct taxes get collected in the first…
The latest data, as revealed in Friday’s interim Budget, however, seem to suggest either a drop in new claims or…
The Budget estimate for the growth in direct tax collections in FY19 was 15%.
The monthly average required to achieve the estimate stands at Rs 1.1 lakh crore for 2019-20
The change in the limit will save middle-class individual assessees Rs 10,000 a year each
Among a slew of tax concessions announced in the Interim Budget 2019 that will help home owners is the one…
While both the government and the Opposition promise a simpler and broader GST, the tax has only grown more complex
This is largely because state authorities are new to dealing with service providers.
Narendra Modi government may try to consolidate its middle class voter base by offering income tax soaps.
Deposits worth a few lakh crore in the banks post-demonetisation are reckoned to be cash that had remained out of…
As a multi-stage levy, the goods and services tax (GST) was supposed to make evasion difficult, but the figures for…
