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Total 543 results found. Search for [ states tax collection ]

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BusinessToday.In
New Delhi, April 15, 2021
Technology, especially its tools such as data analytics and artificial intelligence, is ending the heydays of exploiting information gaps to hide income from the taxman. Tax authorities are detecting mismatches in tax returns using tonnes of information about large transactions from banks, mutual funds, companies issuing shares, stamp and registration departments of states and sounding alerts about possible tax evasion, with different wings of the revenue department, direct tax, indirect tax and customs sharing data. However, the nationwide drive to find evaders has also given a free hand to corrupt officials to exploit the system with arbitrary notices and demands. Small and large businesses are at the receiving end of the taxman's hounding, threats and at times even violence. Watch the video for more.Also Read: Indirect tax collection rises 12.3% to Rs 10.7 lakh cr in FY21


Avneet Kaur
April 12, 2021
Today's market crash has triggered worries of a scenario like last year's when nationwide lockdown had left the stock market bleeding with benchmark indices plummeting around 40 per cent in a span of two weeks


PTI
April 1, 2021
The total amount of GST compensation released so far this fiscal ending March 31 is Rs 70,000 crore


BusinessToday.In
April 1, 2021
March GST receipts were more than Rs 10,000 crore higher than the February 2021 collection of Rs 1.13 lakh crore and the highest since the introduction of the indirect tax regime


BusinessToday.In
March 24, 2021
Speaking in Rajya Sabha while participating in a discussion on the Finance Bill 2021, Modi told the lower house of Parliament that the Centre and states combined collect over Rs 5 lakh crore tax on petroleum products


BusinessToday.In
March 9, 2021
With this, the Centre has released Rs 1.06 lakh crore to states in GST compensation since October.


PTI
March 8, 2021
Deputy Chief Minister and finance minister Ajit Pawar on Monday presented a budget with revenue deficit Rs 10,226 crore in the state Legislative Assembly


PTI
March 6, 2021
Speaking at a webinar organised by the Centre for Policy Research (CPR), Singh said each Finance Commission in the past has somewhat increased the total amount of devolution to states


BusinessToday.In
March 1, 2021
The monthly GST collection crossed Rs 1 lakh crore mark for the fifth time in a row and Rs 1.1 lakh crore mark for the third straight month.


BusinessToday.In
February 25, 2021
Stock Market News Updates Today: Sectorally, all the other indices were trading with decent gains. Metal index was up 2.5%, while private, PSU Bank and financial indices rose 1.5% to 2% today


Ashutosh Kumar
February 22, 2021
\"Inverted duty structure is one of the top priorities of the government and is likely to be taken up by the Council in the next meeting,\" a top finance ministry official told Business Today.


BusinessToday.In
February 20, 2021
The finance ministry had on Friday released the 17th weekly instalment of Rs 5,000 crore to 23 states and three UTs taking the total amount released so far as part of the special borrowing window set up in October 2020 to Rs 1 lakh crore


BusinessToday.In
February 12, 2021
The finance ministry said that so far, 81 per cent of the total estimated GST compensation shortfall has been released to the states & UTs with Legislative Assembly


Dipak Mondal
February 9, 2021
The government had raised the threshold income for paying tax to Rs 5 lakh in the interim budget of 2019. According to data from the income tax department, there were 8.04 crore individual taxpayers in assessment year 2018-19 of which 5.95 crore filed returns


Amarjeet Singh
February 2, 2021
Whilst the government's proposals are moving in the right direction, further intervention is the need of the hour to aid significant sectoral growth


BusinessToday.In
February 1, 2021
Union Budget 2021 Highlights: Congress leader P. Chidambaram said that the government had only marginally raised health funding, which when adjusted to inflation becomes nil


BusinessToday.In
February 1, 2021
Based on the current trends in the GDP, the fiscal deficit, difference between the government's total revenue and total expenditure, is expected to be around 7.5 per cent of the GDP for the current fiscal owing to moderation in revenue collection due to the COVID-19 crisis


Dipak Mondal
January 31, 2021
Of the total GST collection, CGST is Rs 21,923 crore, SGST is Rs 29,014 crore, IGST is Rs 60,288 crore (including Rs 27,424 crore collected on import of goods) and Cess is Rs 8,622 crore


Bela Sheth Mao
January 31, 2021
The inclusion of a statement on policy announcements on GST in the budget, of an intent to resolve these tax issues, will not only have a positive impact on the broader economy but also reaffirm confidence in the cooperative federalism model for tax policy


Prasanna Mohanty
January 30, 2021
For people to benefit, the budget needs overhauling to create jobs; revive small businesses; address poverty and health and education deprivations. Pursuing the existing paradigm of growth may push GDP and stock markets up without improving the living standards of the vast majority


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