Tax collection

Between August 2018 and August 2019, the Pakistan government has borrowed Rs 2,804 billion from foreign sources and Rs 4,705 billion from domestic sources, a report in the Pakistani media said. read more

It will potentially leave investors with more money, make firms competitive, and boost consumption read more

Tax projections made in the budget are based on projected nominal GDP growth for the year. This year’s budget had a projected nominal GDP growth of 12%. An 8% growth rate can lead to a serious shortfall in taxes. read more

India’s GDP growth plummeted to 5% in the first quarter of the current fiscal year. This is the lowest in 25 quarters. This is only the second instance of growth rate falling for five consecutive quarters since 1999. read more

A four percentage point shortfall in this figure for the entire year, if it happens, will mean a big shortfall in tax collections. This also means that the government will find it very difficult to spend what it has committed in the budget. read more

Did the inertia of the budgetary process sabotage the claimed novelty of the budget? Did it miss a trick? read more

The annual survey sets the tone for how data will power government policy — from boosting tax collections to administering welfare programmes. read more

Implementing a radical and universal reform in an economy as large as India is bound to witness teething troubles and GST did. Two years after it was implemented, the question is whether GST is moving towards its promise of improving tax collections... read more

The development holds importance as property tax is MCG’s main source of income. read more

The CBDT’s (Central Board of Direct Taxes) disappointment at this situation and has asked the supervisory tax officials to pull up their socks and ensure no stone remains unturned to achieve the target. read more

As the AAP govt prepares to present its final full budget, an analysis of its four previous budgets shows a regime that has been successful in expanding the size of its funding pie and allocations to its stated areas of focus, but not quite in seeing... read more

Refunds worth Rs 1.23 lakh crore have been issued in the eight months of the current fiscal, which is 20.8 per cent higher than refunds issued in the same period last year. read more

Demonetisation generated tailwinds for formalisation of the economy. Income declared in income tax returns, as a share of India’s total Gross Value Added, increased significantly in 2016-17. But it also generated headwinds for small business incomes. read more

The North and South civic bodies have failed in their efforts to bring all properties in their respective jurisdiction under tax net. read more

Till August 14, the South and North Delhi municipal corporations jointly increased their tax collection by Rs 119.33 crore and added over 56,000 new tax payers to their records. The SDMC now has 20,000 new taxpayers and is aiming to increase the number... read more