indirect tax
Direct tax collections surge 15.7 pc to Rs 6.75 lakh cr in Apr-Nov
Refunds worth Rs 1.23 lakh crore have been issued in the eight months of the current fiscal.
Rs 29,088 crore indirect tax evasion detected during April-Oct
The total number of cases where service tax was evaded stood at 1,145 involving Rs 22,973 crore.
Demonetisation led to formalisation of economy, expanded tax base: Jaitley
The indirect tax to GDP ratio has gone up to 5.4 per cent post GST, from 4.4 per cent in 2014-15.
Hasmukh Adhia leads drive to bolster GST inflow
GST collection for month of July touched Rs 96,483 cr, slightly higher than Rs 95,610 cr collected in June.
IMF asks India to consider simpler GST rate structure
GST as presently designed has an effective tax rate rising with household consumption.
GST slabs may reduce to 3 in long-term: Sanjeev Sanyal
Presently, there are four GST slabs of 5, 12, 18 and 28 per cent, plus the exempted category which attracts 0 per cent GST.
Govt appeals honesty in tax payment ahead of GST anniversary
The new indirect tax regime has added more jobs in formal sector and widened taxpayer base.
Tax reforms to expand revenue base in India: Moody's
India and Sri Lanka have both recently streamlined and levied their VAT or GST regimes.
Country-wide intra-state e-way bill system mandatory from June 3
Since the implementation of the same from April 1, 2018, more than 4.5 crore e-way bills have been generated.
GST collection in April exceeds Rs 1 lakh crore
The buoyancy in the tax revenue of GST reflects the upswing in the economy and better compliance.