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PTI
September 16, 2018
The government is determined to keep fiscal deficit at 3.3 per cent of GDP on the back of buoyant tax revenues and expectations of surpassing the disinvestment target.


PTI
September 9, 2018
The Centre paid Rs 14,930 crore to compensate states for revenue loss incurred in June and July, a nearly four-fold jump compared to Rs 3,899 crore paid for the months of April and May.


Rajeev Dubey
New Delhi, September 3, 2018
Over Rs 10 lakh crore from fuel taxes have been deployed in social schemes.  Cutting taxes mean cutting down on such schemes which will be political hot potato in the run-up to general elections.


BusinessToday.In
September 3, 2018
One of the most important factors is the tax levied by the state and central governments. As of now, fuel has been kept outside the purview of Goods and Services Tax (GST).


BusinessToday.In
September 3, 2018
Even as government pats itself on the back for 71 per cent surge in the number of income tax returns (ITRs) filed upto August 31 this year, the direct tax collection data released by CAG paints an uninspiring picture.


PTI
September 1, 2018
The total number of GSTR-3B filed for the month of July up to August 31, 2018, is 67 lakh. This is slightly higher than 66 lakh returns of the month of June filed up to July 31, 2018.


BusinessToday.In
August 29, 2018
Such analysis was not possible before as the government did not have the data organised in a manner that could allow such comparisons.


PTI
New Delhi, August 23, 2018
The I-T Department added 1.06 crore new return filers during 2017-18 and aims to add 1.25 crore new filers for the current year. In the North East region, this number was 1.89 lakh, she said.


Rajesh Kumar
August 8, 2018
Whatever be the source of tax - whether an MNC, a local homegrown company or an individual, the pivot for any successful tax compliance and collection is ensuring a sound set of data and an insight into the taxpayers' journey.


PTI
New Delhi, August 7, 2018
Collection of personal advance tax and personal self-assessment tax grew 23.4 per cent and 29.9 per cent respectively.


Anilesh S. Mahajan
New Delhi, August 6, 2018
Imran Khan's priority will be to get the economy back on track.


BusinessToday.In
New Delhi, August 2, 2018
From human development indicators like health and education to economic parameters like tax-to-GDP ratio, currency performance, and current account deficit, Pakistan's track record is dismal on all fronts.


Mudit Kapoor
New Delhi, August 1, 2018
Before he became Prime Minister, Narendra Modi vowed to bring all illicit money stashed away in foreign countries, and promised that poor people in the country would get Rs 15 lakh each.


BusinessToday.In
New Delhi, August 1, 2018
GST revenue collections for the month July reached Rs 96,483 crore, which remains broadly on expected lines, according to a statement by the Ministry of Finance.


Dipak Mondal
New Delhi, July 20, 2018
The income tax department's action plan for 2018-19 reveals that it is aggressively using data analytics to not just get to the tax evaders but also widen the tax base.


Prosenjit Datta
New Delhi, July 18, 2018
India has a huge official data and statistics problem and the problem is only growing bigger by the day.


BusinessToday.In
New Delhi, July 17, 2018
On the simplification of the GST law, the ICAI said it should be made less complex so everyone -- from a layman or an unorganised taxpayer to big businesses -- can understand it without any help from a tax expert.


BusinessToday.In
July 15, 2018
In last one year of GST regime, the revenue authorities have come across numerous cases of tax evasion where companies used fake bills to claim input tax credit.


PTI
July 11, 2018
The GST Council may consider reduction in tax rates on host of items with low revenue implications as part of the tax rationalisation exercise in its next meeting on July 21.


Prosenjit Datta and Rajeev Dubey
New Delhi, July 9, 2018
As the Goods and Services Tax turned one, Business Today organised a discussion to understand how the journey had been so far, and what needed to be done in future. The panel, comprising Anita Rastogi, partner, indirect tax, PwC; Abhishek A. Rastogi, partner, Khaitan & Co; Atul Gupta, senior director, Deloitte, Haskins & Sells LLP; Ajay Sahai, Director General & CEO, Federation of Indian Export Organisations; Harpreet Singh, partner, indirect tax, KPMG; and Anil Bhardwaj, secretary general, Federation of Indian Micro & Small and Medium Enterprises held a 90-minute discussion


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