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Total 266 results found. Search for [ revenue collection system ]

Results 1 to 21 of 266
BusinessToday.In
June 7, 2020
During FY20, the revenue impact of tax reforms due to cutting of corporate tax was Rs 1.45 lakh crore, Rs 23,200 crore for the Personal Income Tax (PIT)


PB Jayakumar
May 16, 2020
Though most states are opposing privatisation of power sector, many cities such as Mumbai, Delhi and Kolkata and many towns have partially privatised power distribution


BusinessToday.In
May 13, 2020
Finance Minister Sitharaman Live on Rs 20 lakh crore Economic Package: FM Nirmala Sitharaman announced Atma Nirbhar Abhiyan. Provident Fund contribution of employers and workers is being reduced from 12% to 10% each of wages for the next 3 months, announced FM Nirmala Sitharaman. She added that the EPFO benefit will lead to more take home salary.


Prasanna Mohanty
May 6, 2020
In the post-industrial democratic era, they have benefited immensely from the public provisioning of health and education that produces quality labour, infrastructure, natural resources, tax incentives, loan write offs (NPAs), bailouts, stimulus packages, and much more. Yet increasingly they use tax havens, shell companies and other tools to evade and avoid paying back


Dipak Mondal
New Delhi, April 28, 2020
Despite all the brouhaha around PM CARES Fund, it is states that are at the forefront of funding disaster relief and rehabilitation


BusinessToday.In
April 23, 2020
Sensex, Nifty Live News Today: In terms of sector, barring FMCG and PSU Pharma, all the other sectors closed in the green. IT gained 4%, while banking and financials ended 2-3% higher.


BusinessToday.In
April 21, 2020
Corona lockdown in India updates: Personnel involved in COVID-19 management activities, central government employees, doctors, and media personnel with authorisation, as well as goods transport and ambulances have been exempted from this


PTI
April 16, 2020
Because the economy is going to slow down, revenue collection for this year would be much less than the last year, Subramanian said, adding the revenue loss would be 1.5 per of the GDP


Dipak Mondal
April 1, 2020
Various research firms and rating agencies have estimated that economic activities during the lockdown period would drop to 20-30 per cent level, and since two-thirds of the lockdown period falls in April, the impact would be visible more in the May


Prasanna Mohanty
March 25, 2020
So far, their progress is mixed with individual countries taking more aggressive positions to bring a change to the impact of what would be known several years from now


BusinessToday.In
New Delhi, March 14, 2020
GST Council may rationalise tax rates on five sectors, including mobile phones, footwear and textiles, and defer implementation of the new return filing system and e-invoicing


Prasanna Mohanty
March 13, 2020
While some developed economies have adopted anti-tax avoidance GAAR and digital tax on sales of multinationals, India has been deferring operationalisation of GAAR since 2012 and is also handicapped by lack of adequate studies and data


PTI
New Delhi, March 12, 2020
The Council would also discuss the integration of the GST e-way bill system with the NHAI's FASTag mechanism from April to help track movement of goods and check GST evasion


PTI
March 11, 2020
The GST Council is likely to rationalise tax rates on mobile phones, footwear and textiles and two other sectors and defer implementation of the new return filing system and e-invoicing in its meeting on March 14.


Prasanna Mohanty
March 3, 2020
GST was supposed to be a simple, self-regulating and non-intrusive tax compliance regime to replace a complicated and multiple indirect tax systems. What has been rolled out remains very much a work-in-progress after more than two-and-half years


PTI
March 3, 2020
During the Union Budget 2020 presentation, the ''Vivad se Vishwas'' scheme was announced to provide for dispute resolution in respect of pending income tax litigation


BusinessToday.In
New Delhi, March 1, 2020
The revenue department is planning to launch lottery offers between Rs 10 lakh and Rs 1 crore under the GST from April 1 by conducting lucky draws every month for invoices of all business to customer (B2C) transactions


Prasanna Mohanty
February 24, 2020
Wide gaps in corporate and non-corporate direct tax collections are known for years and a huge number of tax evaders are routinely identified every year by the tax authorities but lack of effective follow-up action ensures that the status quo is maintained


Dipak Mondal
New Delhi, February 20, 2020
This leaves taxpayers in a fix - GST notice demands money in 16 decimal points, even though bank systems do not recognise more than 2 decimal points


Prasanna Mohanty
February 19, 2020
A closer look at India's tax data reveals that the direct tax burden is much higher on relatively smaller taxpayers in both individual and corporate categories and that the larger taxpayers benefit more from tax incentives and deductions


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