Wednesday, Dec 07, 2022

Tax Collection


Tax Collection To Exceed Budget Estimate By Nearly Rs 4 Lakh Crore: Revenue Secretary

In an interview to PTI, he said the growth in tax revenues will continue to be higher than the GDP growth, helped by formalisation of the economy and better compliance.   

23 November 2022

Reforms In I-T Dept, 'strengthening' Of Economy Led To Record Tax Collections: CBDT Chairman

It will be very difficult to say how things will pan out the next year but there is no room to say that good times only last for four quarters, J B Mohapatra said

Goods And Services Tax

Businesses With Over Rs 20 Cr Turnover To Mandatorily Generate E-invoice From April 1

From April 1 last year, companies with turnover of more than Rs 50 crore were generating B2B e-invoices

Advance tax, or pay-as-you-earn tax, should be paid in advance instead of lump sum payments at year-end.

Advance Tax Payment: Second instalment Date Nears, What you need to know

If you miss advance tax payments or delay them, you will have to pay penal interest on the taxes due.

13 September 2022

Goods And Services Tax Collection

GST Collections Rise 18% To Rs 1.33 Lakh Crore In February

This is the fifth time that the GST collection has crossed the Rs 1.3 trillion mark

Five Years Of GST: Some Hits, Many Misses

While offering greater ease of doing business, GST still suffers from bottlenecks since its introduction in 2017; be it difficulty in claiming an input tax credit, rising case of audits, not benefitting individual states or...

02 July 2022