April 13, 2021 2:06 pm
The mop-up through indirect taxes, which include GST, Customs and excise duties, was Rs 9.54 lakh crore in 2019-20. In the Revised Estimates (RE) for 2020-21, the target was set at Rs 9.89 lakh crore.
August 11, 2020 11:56 am
COVID-19 may be a blessing in disguise if it allows India to reform its tax system in order to make it work towards inclusive growth and sustainable development rather than targeting only investment-led economic growth. After all, India’s tax-GDP ratio was only 10.9 per cent in 2019, as against the OECD average of 34 per cent.
October 12, 2017 1:30 am
Sets the ball rolling for likely inclusion of petro items in new indirect tax regime.
May 10, 2016 2:22 am
Excluding the collections through additional resource mobilisation measures, indirect tax mop-up rose by 17 per cent in April.
August 13, 2015 2:03 am
The growth in the revenue mop up is also marked by increase in service tax rate which will contribute an additional Rs 20,000 crore to the kitty.
June 30, 2015 1:15 am
With the government enjoying a surge in revenue on greater collection of excise and customs duties, revenue growth target could eventually be exceeded by a large margin.
June 04, 2015 3:22 am
Goods and services tax to subsume most revenue sources of urban bodies: Urban Development Min.
January 14, 2015 1:25 am
service tax collection contracted for the first time during the year by 5.2 per cent.
April 16, 2014 1:32 am
The direction comes after scathing observation of the Principal Bench of CESTAT, New Delhi, in December last year.
October 05, 2013 2:51 am
In a recent judgement,the Supreme Court has upheld VAT for property under construction.