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TAX REVENUE NEWS

Punjab finance secretary raises alarm as revenue from GST, excise dips

May 17, 2025 12:45 pm

Punjab collected Rs 1,587 crore in GST in April this year, compared to Rs 2,112 crore last year. The collection from state excise also registered a negative growth of 21 per cent.

Apr-Feb fiscal deficit at 86.5% of FY24 aim, net tax revenue falls in Feb

March 29, 2024 10:13 am

Net tax revenue turned negative during February primarily on account of a contraction in corporate tax revenue and due to the impact of transfer of tax devolution instalments to states, economists said.

Eye on polls? Delhi's AAP government adds over Rs 1,700 crore to public-centric schemes

December 18, 2023 7:30 am

In terms of revenue, the Delhi government’s estimates of resources recorded higher income in all but one of five heads — excise which was deficient by over Rs 1,300 crore.

BBMP to digitise all property documents in Bengaluru in bid to increase tax revenue

November 20, 2023 6:15 pm

The BBMP wants to identify properties outside the tax net, identify and regularise building violations and to reduce forgery of property documents.

The tax base is growing – government shouldn’t waste the opportunity

September 06, 2023 9:41 am

As the country transitions from a lower to an upper-middle-income economy, as the share of the organised sector rises, government revenues will increase. It should spend wisely

What to expect on direct tax in Union Budget 2023

January 16, 2023 2:58 pm

India’s tax-to-GDP ratio stands at 10-11%, which is significantly lower than the average of other emerging economies where it is 21% of GDP, while the corresponding ratio for OECD nations is 33%.

Can Ukraine be the crypto capital of the world?

March 01, 2022 9:38 am

The anything-goes ethos has dogged Ukraine for years, and now the government is hoping to bury it, with an assist from cryptocurrency.

Tax revenues pick up in Jan, but shrink in Apr-Jan; total receipts at `12.82 lakh crore

March 01, 2020 12:27 am

The government has, so far, in the 10 months of this fiscal garnered 66.3 per cent of the net tax revenue estimated in the revised estimates of this fiscal as against 68.7 per cent of the full year estimate previous year.

Rising tax mop-up, reforms may lead to higher GDP: Arun Jaitley

July 13, 2015 1:51 am

Jaitley said a large chunk of investment needs to be channelised into rural infrastructure development, with special emphasis on irrigation.

A new federalism

May 30, 2015 12:00 am

Transition to a new Centre-state framework could be one of this government’s most significant legacies

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