TDS, compliance rules and policy shifts have reshaped filing patterns, but rising nil returns and stagnant tax-paying filings point to gaps that need closer scrutiny
Exploring India's tax-to-GDP gap, lessons from global reforms, and the role of social security contributions in boosting revenue and citizen compliance
Apart from policy initiatives targeting the export sector, it is also possible to conceive of more broad-based measures to stimulate domestic demand as an alternative to export demand
With rate slabs ripe for consolidation and the compensation cess at a crossroads, India's GST revamp must balance political economy, revenue stability, and taxpayer fairness
Sustained growth in PIT would depend on sustained expansion in taxable economic activity, one that generates employment to support salary income and contributes to business income as well
To exploit the opportunities from current crisis, a two-pronged strategy can be conceived - restructuring trade partnerships and developing a strategic industrial policy to benefit from these part
A few states have been providing an SDG budget as part of their Budget papers. Haryana has been providing estimates from 2018-19 onwards, with other states like Odisha and Meghalaya joining later
At the aggregate, the ratio of revenue foregone to total revenue collected has declined for corporate tax, especially in the last three years for which data is available
The former could take the form of a tax cut, while the latter could involve a stimulus targeted at specific segments of the economy, particularly those linked to employment generation
From rate rationalisation to cess management and expanding the GST base, India's evolving tax regime faces critical design and compliance challenges requiring balanced reforms
There are two ways of looking at this problem - first, has the composition of reported income changed? And second, has the composition of assets changed?
 "R Kavita Rao")
