Page 6 - Tax Collections

Calibrating the policy mix

The right fiscal-monetary-external balance must be achieved to nurture and harness a nascent recovery

UP collects Rs 80,000 crore in taxes during first 8 months of FY19

Yogi government to target tax evaders through stiffer enforcement of tax rules

EAC of Finance Commission deliberates on ways to improve tax collections

Talking to reporters, Finance Commission Chairman N K Singh said the Commission plans to make recommendations on Goods and Services Tax (GST), which will be for the GST Council to consider

Top 10 business headlines: Tax mop-up contracts, BPCL stake sale and more

From cars to cost more in new year, Sebi giving time to six brokers to wind up clients to NTPC planning to expand in its renewables capacity, Business Standard bring you the top headlines of the day

Amid slowing economy, corporation tax mop-up contracts 1% in Apr-Nov

The collection numbers are expected to worsen further once the impact of the corporation tax rate cuts becomes visible in the third advance tax collection instalment due on December 15

Slowdown, falling tax mop-up may force govt to slash spending again: CRISIL

With little headroom for fiscal expansion given the falling tax collections, the government will have to cut its expenditure, says an economist. The fiscal deficit target of 3.4 per cent of GDP is likely to slip, DK Joshi, the chief economist at the rating agency crisil said here on Friday. "Fiscal policy doesn't have much space. Government is avoiding any fiscal stimulus to the economy and revenues are falling short. They will have to cut expenditure again just as they did last year unless they are able to realise a lot of money by privatisation or divestment or asset sales," Joshi said at an S&P Dow Jones Indices event. He said the GDP growth, which slipped to 5 per cent in the first quarter, is expected to be worst in the second quarter- sub 5 per cent. "We hope that it is going to be bottom out soon and we will see a very mild recovery," he said. Joshi said with the stronger mandate, the Narendra Modi-led government has the ability to take stronger measures to ..

GST only needs simplification

The truth is that tax collection is never much affected by a complicated tax structure

Pragmatic tax collection can cut fiscal deficit

Time has come to monitor empirically the buoyancy and elasticity of the tax system

Tax proposals to yield additional Rs 30,000 cr in FY20: Revenue Secretary

He said the exchequer will mobilise the additional resources by way of increase in duty and cess on petrol and diesel, customs duty on gold and precious metals, besides higher surcharge on super-rich

Customs, IGST collection nearly doubles to Rs 30,000 crore in July

July collections compare to indirect tax collection of over Rs 16,000 cr of the same month of 2016

Tax collection for FY17 exceeds FY16 by 18% at Rs 17.10 lakh cr

Net direct tax collections at Rs 8.47 lakh cr shows 100% achievement for revised estimates of 16-17

Tax collections up 23% in first five months of FY17

The growth was quite higher than 11.73 per cent targeted in the Budget for the entire 2016-17

Tax collection up 28% in April-July

While indirect tax collection grew 29.9% to Rs 2.72 lakh cr, that of direct taxes rose 24% to Rs 1.59 lakh cr