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Total 121 results found. Search for [ shortfall in tax collection ]

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December 11, 2019
The 5% GST tax slab is the noteworthy one as it includes essential commodities such as food items, footwear and basic clothing. The GST council is expected to increase the tax rate under this slab to 6-8%

New Delhi, December 7, 2019
Centre is yet to pay states' GST share due for the past four months; Kerala had last week threatened to drag the Centre to the Supreme Court over delay in compensation to states

New Delhi, December 6, 2019
As of now, the GST has four slabs of 5 per cent, 12 per cent, 18 per cent and 28 per cent. The 5 per cent slab includes essential commodities such as food items, footwear and basic clothing

New Delhi, December 2, 2019
The report says the full-year growth would be around 5 per cent, with a marginal recovery in Q3 and Q4; adds the RBI may announce more rate cuts of up to 25 basis points in its upcoming policy meet

New Delhi, November 27, 2019
Raising the issue through a Zero Hour mention, Pratap Singh Bajwa (Cong) said states gave up the right to levy taxes in the interest of 'one-nation-one-tax' regime of GST

Team BT
November 13, 2019
The fund would also bag investments from institutions such as LIC and SBI, which would expand the corpus to Rs 25,000 crore.

Dipak Mondal
New Delhi, November 12, 2019
While a decision in this regard was taken by the GST Council in April, the reason for the 'extreme' step could be to check leakages of taxes. Non-filing of returns is still high and the tax department thinks this is a major cause for falling GST collections

New Delhi, November 6, 2019
Fitch said it was revising the fiscal deficit forecast as revenue collection is likely to fall far short of the projections in the FY2019/20 Union Budget due to weak GST and corporate income tax collections

Dipak Mondal
October 23, 2019
The government had budgeted for a gross tax collection of Rs 24.6 lakh crore for the current financial year against the revised estimate of Rs 22.5 lakh crore for 2018-19, an estimated 9.5 per cent growth in 2019-20

October 11, 2019
The new rules, called the Central Goods and Services Tax (Sixth Amendment) Rules, 2019, came into effect on October 9 amid dwindling GST collections

October 1, 2019

September 30, 2019
The Department of Investment and Public Asset Management (DIPAM) will soon hold inter-ministerial talks and outline the methods and strategies of bringing the government's stake down to 51% in the PSUs.

New Delhi, September 29, 2019
The government has come under tremendous pressure to meet its fiscal target due to a falling revenue collection and a series of measures taken in the last month to reinvigorate the sagging economy

September 23, 2019
The GST Council, which met after Finance Minister Nirmala Sitharaman announced the slash in corporate tax rates, hailed her bold decision, but state FMs voiced their concerns over drop in revenue.

New Delhi, September 20, 2019
No relief was announced for the auto sector despite a huge demand for a rate cut. The GST Council had said that such a move would lead to huge revenue hit for the states as well as the Centre

September 18, 2019

Dipak Mondal
New Delhi, September 4, 2019
While a section of the market believes the government should slash GST rates on cars from 28% to 18% to revive demand, underwhelming monthly GST collection figures are of little comfort to the government

Anand Adhikari
New Delhi, September 2, 2019
The Centre's as well as the states' liabilities are rising at an alarming rate

August 27, 2019

Dipak Mondal
New Delhi, August 19, 2019
Why GST collections have been short of target. And why they may not pick up any time soon

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