Ministry Of Finance

Friday, Apr 19, 2024 | Last Update : 10:12 PM IST

As per the release, the recent trend of high GST revenues has been a result of various policy and administrative measures that have been taken in the past to improve compliance. (DC File Image)

GST collected in November, 2021 second highest since its implementation

As per the data shared, the highest amount of tax is collected from Maha (Rs 18656 cr), then Gujarat (Rs 9569 cr) and Karnataka (Rs 9048 cr)

01 Dec 2021 5:00 PM

Foreign currency, which accounts for 93 per cent of the forex reserves, grew from $442 billion to $568 billion during the pandemic—between April 2020 and July 2021. — DC Image

Forex reserves up by $135 bn in pandemic

As on July 16, 2021, foreign exchange reserves stood at $612.7 bn against $477.8 billion at the end of March 2020, up by $134.9 billion

03 Aug 2021 8:34 AM

Mohan Guruswamy | ‘Force majeure’ can’t be fig leaf for naked greed

It will be interesting to know if the government has been told by Reliance or Airtel of their inability to pay the telecom spectrum dues?

09 Apr 2021 4:13 AM

In the wake of the discrepancy, the official said the National Informatics Centre (NIC) and GSTN have been pressed into action to probe the loopholes in the system.

Govt to penalise traders misusing e-way bill to evade taxes

As per the top official, around 15 lakh e-way bills are being generated on a daily basis.

03 Oct 2018 10:32 AM

Confident of strictly maintaining fiscal deficit at 3.3 per cent: Jaitley

Finance Minister also expressed the government's confidence in maintaining a growth rate higher.

17 Sep 2018 10:58 AM

The Centre on Saturday said the filing of income tax returns (ITR) till August 31 saw an upsurge of 71 per cent, compared to the corresponding period in the preceding year. (Photo: ANI)

71 per cent surge in Income Tax returns filed till August 31: Govt

The total number of e-returns of salaried Individual taxpayers filed till August 31 increased to 3.37 crore from 2.19 crore.

02 Sep 2018 1:06 PM

An article said a Chinese state-owned company, China Banknote Printing and Minting Corporation, has been contracted to print currencies on huge scale of international countries including that of India. (Representational Image/PTI)

Govt rubbishes report that Indian currency is 'Made in China'

Reports about Chinese currency printing corporation getting orders for printing Indian currency 'totally baseless': Govt.

14 Aug 2018 11:26 AM

'The due date for filing of income tax returns for assessment year 2018-19 is 31.07.2018 for certain categories of taxpayers,' Ministry of Finance said. (Representational Image)

Income tax return filing deadline extended to Aug 31 for some taxpayers

CBDT has extended the ‘due date’ for filing of income tax return to August 31, 2018 from July 31, 2018 for some tax payers.

26 Jul 2018 7:01 PM

A sum of Rs 1,27,461 crore has been collected towards revenue up to May this year, the Ministry of Finance said on Friday.

Revenue collection for April-May capped at Rs 1,27,461 crore

The aforementioned figure comprises Rs 1,02,408 crore tax revenue.

30 Jun 2018 11:04 AM

The government on Monday appointed IDBI Bank Ltd Chief Executive Officer Mahesh Kumar Jain as a deputy governor of the Reserve Bank of India (RBI) for three years.

Govt appoints IDBI Bank CEO Mahesh Jain as RBI deputy governor

Rajeev Kumar, secretary, Department of Financial Services at the Ministry of Finance, said in a tweet.

04 Jun 2018 2:56 PM

Ministry of Finance to address problems received from trade associations which have hindered sanction of refund of Integrated Goods and Service Tax.

Finance ministry ensures ease of doing business for MSMEs

The exporters have committed mistakes while filing GSTR-1 and GSTR-3B.

31 May 2018 2:45 PM

The meeting is expected to get over around 1:00 pm. (Photo: Twitter/ANI)

27th GST Council meet underway

GST Council is likely to clear the imposition of sugar cess, approximately between two to five per cent.

04 May 2018 2:15 PM

As per the decision of the Goods and Services Tax (GST) Council, the e-way bill system for all inter-state movement of goods was rolled out from April 1

E-way bill rollout on Monday in four states: Govt

As on April 22, more than 1,84,000 e-way bills have been successfully generated.

24 Apr 2018 9:25 AM

APY provides minimum guaranteed pension ranging between Rs 1000 to Rs 5000 per month for subscribers from the age of 60 years.

Govt releases Rs 120.92 cr as co-contribution towards APY

Government of India co-contribution is payable only when accounts are regular and the admissible.

18 Apr 2018 8:39 AM

Economic Survey is the ministry's view on the annual economic development of the country. (Photo: PTI)

Budget Session 2018: Economic Survey to be tabled today

Finance Minister will present the Union Budget 2018 for the fiscal year 2018-19 on February 1.

29 Jan 2018 10:32 AM

Incidents of bank robbery, theft, dacoity and burglary were reported from different parts of the country during 2016-17, an official said. (Photo: File)

Banks have seen a loss of Rs 16,789 in last fiscal: Finance Ministry

The Minister of State for Finance said an inter-disciplinary standing committee on cyber security has been constituted by the RBI.

22 Dec 2017 9:31 PM

Government said most of the inputs and raw materials for manufacture of these assistive devices/equipments attract a GST of 18 per cent. (Phtoto: Representational/PTI)

Five per cent concessional GST for specified items for physically challenged persons

GST rate of output supply is lower than the GST rate on inputs used for their manufacture.

04 Jul 2017 4:15 PM

Y V Reddy offered Raghuram Rajan post of deputy governor

Reddy wrote in his autobiography how he offered Rajan the post of deputy governor in 2004, which he declined then.

26 Jun 2017 6:42 PM

Finance Minister Arun Jaitley. (Photo: File)

Govt rules out farm loan waivers; will stick to fiscal targets

Replying to questions from reporters, Jaitley said the Centre is not considering any such plan.

20 Jun 2017 2:00 PM

Maharashtra Chief Minister Devendra Fadnavis. (Photo: PTI)

Maha govt spends only 45 per cent of budgetary allocation

The state government's budget for the year 2016-17 was Rs 3.04 lakh crore but the funds received by the departments was Rs 2.06 lakh crore.

04 Mar 2017 4:16 PM

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