 "What is Tax Collection?")
Tax Collection
What is Tax Collection?
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Latest Updates on Tax Collection
PwC India sees ₹1.1 trillion shortfall in net tax collections in FY26
Following this uptick, PwC expects growth to moderate to 7 per cent in the second half, putting full-year expansion at 7.5-8 per cent
 "PwC India sees ₹1.1 trillion shortfall in net tax collections in FY26")
GST net revenues inch up 0.6% in October; refunds jump nearly 40%
Muted domestic mop-up reflects rate-cut impact, festive deferment; import GST boost cushions growth
 "GST net revenues inch up 0.6% in October; refunds jump nearly 40%")
India's GST collection increases 4.6% to ₹1.96 trillion in October
In August and September, collections were relatively subdued at ₹1.86 trillion and ₹1.89 trillion, respectively
 "India's GST collection increases 4.6% to ₹1.96 trillion in October")
After hotels, online travel portals come under GST department lens
After probing hotels for GST underpayment, authorities now seek booking-level data from online travel portals to check possible double taxation
 "After hotels, online travel portals come under GST department lens")
Fiscal deficit widens to 38% of BE on higher capex, weak taxes: CGA
India's fiscal deficit rose to 38.1 per cent of FY26 budget estimates in April-August, driven by higher capital expenditure and muted revenue receipts, CGA data showed
 "Fiscal deficit widens to 38% of BE on higher capex, weak taxes: CGA")
Tax-to-GDP: What India can learn from countries with better collections
Exploring India's tax-to-GDP gap, lessons from global reforms, and the role of social security contributions in boosting revenue and citizen compliance
 "Tax-to-GDP: What India can learn from countries with better collections")
Gross GST mop-up rises 6.5% to ₹1.86 trillion in August, shows govt data
The August Goods and Services Tax (GST) mop-up is, however, lower than Rs 1.96 trillion collected in July. In August 2024, the collection was Rs 1.75 trillion
Uttar Pradesh govt mops up nearly ₹27,858 crore tax revenue in Q1 FY26
Of the total collection, the share of goods and services tax (GST) and value added tax (VAT) stood at ₹20,798 crore and ₹7,060 crore, respectively
 "Uttar Pradesh govt mops up nearly ₹27,858 crore tax revenue in Q1 FY26")
GST mop-up rises 12.6% to record ₹2.37 trillion in April: Govt data
The GST mop-up was Rs 2.10 lakh crore in April 2024 -- the second highest collection ever since GST was rolled out on July 1, 2017
 "GST mop-up rises 12.6% to record ₹2.37 trillion in April: Govt data")
Uttar Pradesh municipal corporations' revenue jumps 46% to ₹4,586 crore
These 17 municipal corporations had a consolidated tax and non-tax kitty of about ₹3,140 crore in FY24
 "Uttar Pradesh municipal corporations' revenue jumps 46% to ₹4,586 crore")
IMF proposes tax target of over Rs 15 trillion in Pakistan's next Budget
The IMF and Pakistan are holding virtual talks, with 85 per cent of the discussions completed successfully. The talks are focused on finalising the details of the next budget
 "IMF proposes tax target of over Rs 15 trillion in Pakistan's next Budget")
Net direct tax kitty rises 13% to Rs 21.26 trillion so far in FY25
During the year, the government collected Rs 10.44 trillion from four instalments of advance tax as against Rs 9.11 trillion in the previous fiscal, registering a growth of 14.62 per cent
 "Net direct tax kitty rises 13% to Rs 21.26 trillion so far in FY25")
Instant tax credit: An idea whose time has come for better compliance
A system that allows buyers to pay taxes directly to the government while paying would enhance trust, improve tax compliance, and accelerate tax collection
 "Instant tax credit: An idea whose time has come for better compliance")
UP govt tax revenue may rise 16% in FY26, indicating economic growth
The 16 per cent increase in the state's estimated tax revenue is higher than the growth of 11 per cent estimated by the Centre in the Union Budget FY26
 "UP govt tax revenue may rise 16% in FY26, indicating economic growth")
Net direct tax collection rises 14.7% to Rs 17.8 trillion until Feb 10
Corporate tax during the same period grew at a slower pace of 6.1 per cent to Rs 7.8 trillion, while the securities transaction tax grew 65.05 per cent to Rs 49,201 crore
 "Net direct tax collection rises 14.7% to Rs 17.8 trillion until Feb 10")
Net direct tax kitty swells 16% to Rs 16.9 trillion so far in FY25
As per the data by the Central Board of Direct Taxes (CBDT), mop-up from net non-corporate taxes, which include mainly personal income tax, stood at over Rs 8.74 trillion
 "Net direct tax kitty swells 16% to Rs 16.9 trillion so far in FY25")
Government extends deadline for direct tax Vivad Se Vishwas Scheme
Under the scheme, penalty charges vary based on the date of payment
 "Government extends deadline for direct tax Vivad Se Vishwas Scheme")
Tax contribution of petroleum sector set to drop rapidly in FY 2024-25
Collections from windfall tax collections had cooled before it was withdrawn on December 2
 "Tax contribution of petroleum sector set to drop rapidly in FY 2024-25")
Corporation tax paid by listed companies at 4-year low in Q2 FY25
Tax payment by listed companies was down 7 per cent year-on-year (Y-o-Y) in Q2FY25, their worst showing in the last four years and the first decline in corporate tax in seven quarters
 "Corporation tax paid by listed companies at 4-year low in Q2 FY25")
Make tax collection less intrusive: Prez Murmu tells IRS trainees
The President told the trainee officers that to fulfil their role as administrators, they need to develop systems and processes that are transparent and ensure accountability
 "Make tax collection less intrusive: Prez Murmu tells IRS trainees")
