Page 4 - Tax Revenue

Budget 2020: Tax revenue estimate for FY20 likely to be slashed 4-6%

This will be the second time that the projection will be changed for the current fiscal year

Govt's fiscal woes likely to climb as gross spending to rise by 20%: Report

The total budgeted expenditure of the central government for 2019-20 is Rs 27.86 trillion.

Fiscal deficit may slip to 3.5-3.8% in FY20; govt set to miss 3.3% target

The FRBM Act, after its amendment in 2018, allows a fiscal deficit slippage of not more than 0.5% for any given year, provided there are justifications

How should the government revive demand?

What happens when, with government expenditure unchanged at Rs 65 trillion, the FM decides to reduce the tax rate, mobilise less revenue and let the deficit widen by Rs 1 trillion?

FY20 gross tax revenue likely to fall short by around Rs 2 trillion

FinMin is said to have shared assessment with 15th FC

After corporate tax cut, fiscal crisis reaches states' doorstep

The recent sentiment-boosting corporate tax cuts will cost the government Rs 1.45 trillion of gross tax revenue

15th Finance Commission likely to cut devolution to states marginally

The new devolution formula could thus be applied to the Centre's tax revenues after deducting from them its capex on defence and internal security

Centre's tax revenue at Rs 13.2 trillion in FY19, missed target by 11%

The collection in 2017-18 was 98% of the revised target

Centre hopes to mop up Rs 4.4 trillion from cess and surcharges in FY20

While an increase in cess and surcharges consequently denies states a higher share of taxes collected by the centre, such a revenue stream helps shore up the central government's coffers

Unfair levy

UP's cow cess penalises people for govt's faults

For more tax revenue

The GST needs more clarity and ease of implementation