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tax collection
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Centre extends tax-related compliance dates in view of Covid-19. Check details
PUBLISHED ON MAY 01, 2021 02:11 PM IST
The government said that it has eased compliances to be made by the taxpayers and to mitigate the difficulties faced by various stakeholders in these difficult times marked by the coronavirus disease (Covid-19) pandemic.
Fiscal deficit for Apr-Oct at 119.7% of budget target
Hindustan Times, New Delhi | By Shreya Nandi, New Delhi
UPDATED ON NOV 28, 2020 06:08 AM IST
The Centre has retained this year’s fiscal deficit target at 3.5% of gross domestic product (GDP) but experts believe it will be a much higher 7.5-9.25%.
Covid-19 to ‘significantly’ impact state finances: RBI
Hindustan Times, New Delhi | By Roshan Kishore, New Delhi
UPDATED ON OCT 28, 2020 02:13 AM IST
As most states presented their budgets before the onset of the pandemic, their budget estimates of deficits are unlikely to capture the true picture of the ongoing fiscal year, the report says.
GST collections may cross Rs 1 lakh-crore mark for the first time in 8 months
Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON OCT 24, 2020 04:59 AM IST
The Covid-19 disease outbreak forced a 68-day hard lockdown starting on March 25, which forced the temporary closure of manufacturers and service providers in all sectors but those deemed essential. These were gradually loosened.
UP claims tax collections up, earning-expenditure gap remains
Hindustan Times, Lucknow | By Umesh Raghuvanshi
UPDATED ON OCT 05, 2020 11:56 PM IST
The state government’s non-tax revenue also increased to Rs 182.33 crore in September 2020 against Rs 120.89 crore in the same month in 2019.
PMC deploys more staff for property assessment, tax collection
Hindustan Times, Pune | By HT Correspondent
UPDATED ON AUG 19, 2020 05:36 PM IST
Due to pandemic induced lockdown, PMC collected Rs 673 crores, a fall of Rs 90 crores
Covid-19 austerity measures: Chandigarh admn slashes expenditure by 20%
Hindustan Times, Chandigarh | By Munieshwer A Sagar, Chandigarh
UPDATED ON JUL 11, 2020 02:02 AM IST
Cuts to impact municipal corporation, engineering department asked to focus only on ongoing development works, freeze on new hiring
Major revenue earning depts of UP fail to meet targets again
Hindustan Times, Lucknow | By Umesh Raghuvanshi, Lucknow
UPDATED ON JUL 05, 2020 07:39 AM IST
The UP government’s total tax revenue collection in first quarter (April 1 to June 30, 2020) was Rs 15,716.48 against the targeted tax revenue of Rs 41,602.68 crore.
Gross Direct Tax collection grew 8% in FY20, says CBDT
Hindustan Times, New Delhi | By Rajeev Jayaswal
PUBLISHED ON JUN 08, 2020 05:25 AM IST
The revenue impacts of corporate tax reforms and personal income tax concessions were ₹1,45,000 crore and ₹23,200 crore, respectively.
Indian states are short of money. They need help | Opinion
By Avani Kapur and Udit Ranjan
UPDATED ON MAY 17, 2020 06:48 PM IST
Changes of the past six years had put their finances in a precarious position. The current measures aren’t enough
Lockdown effect: Haryana’s economy to take a hit
Hindustan Times, Chandigarh | By Hitender Rao, Chandigarh
UPDATED ON MAR 31, 2020 10:03 PM IST
Tax officials said the extent of revenue loss will depend on how long the lockdown continues.
The budget is insipid. It won’t revive the economy | Opinion
By Praveen Chakravarty
PUBLISHED ON FEB 01, 2020 10:19 PM IST
It did not have a bold demand stimulus, a public investment stimulus or any supply-side stimulus
GST collection to cross Rs 1.1 lakh crore, second highest since its launch
Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON FEB 01, 2020 01:38 AM IST
January will be the third consecutive months when GST collections will cross Rs1 lakh crore benchmark. However, the collection this month will be marginally lower than the revised target of Rs 1.15 lakh crore, they said.
Direct tax numbers to put GDP in focus
Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON JAN 25, 2020 07:39 AM IST
If the direct tax collections fall short of the 2018-19 figures — and it could, given the sharp fall in the government’s own growth estimates for 2019-2020 — this will only be the second instance of a contraction in direct collections since 1980-81, the earliest period for which data is available with the Reserve Bank of India.
India faces first fall in direct taxes in at least two decades: Report
Hindustan Times, Mumbai | By Reuters
UPDATED ON JAN 24, 2020 06:25 PM IST
However, a sharp decline in demand has stung businesses, forcing companies to cut investment and jobs, denting tax collections and prompting the government to forecast 5% growth for this fiscal year - the slowest in 11 years.
The budget must dispel the people’s doubts
By Govind Sankaranarayanan
UPDATED ON JAN 20, 2020 08:05 PM IST
Explaining the rationale underpinning the government’s choices will help increase trust and belief in its plans
Budget 2020: Focus on growth
UPDATED ON JAN 15, 2020 07:04 PM IST
Address unemployment, boost demand, push policy reforms
Chandigarh MC panel recommends 20% hike in property tax
By Vivek Gupta
PUBLISHED ON DEC 19, 2019 01:06 AM IST
Civic body eyes additional ₹10 -15 crore annual collection; agenda likely to be tabled in General House on Dec 30
Imran Khan government breaks record, borrows Rs 7500 billion in first year of its tenure: Report
Islamabad | By Indo Asian News Service
UPDATED ON JUL 08, 2020 07:15 AM IST
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.
The government’s corporate tax move is bold. But there is a fiscal risk | Opinion
By Suyash Rai
UPDATED ON SEP 21, 2019 06:22 AM IST
It will potentially leave investors with more money, make firms competitive, and boost consumption
How bad is the slowdown? State of the economy explained in 10 charts
New Delhi | By Roshan Kishore
UPDATED ON SEP 08, 2019 11:45 AM IST
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.
The Big Picture:How deep is the crisis confronting the Indian economy?
Hindustan Times | By Hindustan Times
UPDATED ON JUN 25, 2020 12:37 AM IST
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.
There is an economic slowdown. Govt must first get its diagnosis right
New Delhi | By Roshan Kishore
UPDATED ON JUN 25, 2020 12:33 AM IST
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.
What the quest for a $5 trillion economy entails
By Partha Mukhopadhyay
UPDATED ON JUL 06, 2019 05:54 AM IST
Did the inertia of the budgetary process sabotage the claimed novelty of the budget? Did it miss a trick?
Call for data to be treated as a ‘public good’, can play key role in driving policy
New Delhi | By HT Correspondent
UPDATED ON MAY 28, 2020 06:07 PM IST
The annual survey sets the tone for how data will power government policy — from boosting tax collections to administering welfare programmes.
2 years on, a look at the hits and hurdles of Goods and Services Tax
Hindustan Times, New Delhi | By Roshan Kishore and Rajeev Jayaswal
UPDATED ON JUL 01, 2019 08:23 AM IST
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 and removing bottlenecks to trade.
MCG survey to boost tax collection
Hindustan Times, Gurugram | By HT Correspondent
UPDATED ON JUN 28, 2019 03:32 AM IST
The development holds importance as property tax is MCG’s main source of income.
Direct tax collection falls short, CBDT raises alarm
New Delhi | By Press Trust of India
UPDATED ON MAR 28, 2019 06:43 PM IST
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.
How AAP govt spent more in four years, but still fell short in spending
howindialives.com | By Vaidik Dalal
UPDATED ON FEB 26, 2019 07:34 AM IST
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 through those allocations the way it would have liked to.
Direct tax collections surge 15.7 percent to Rs 6.75 lakh crore in Apr-Nov
New Delhi | By Press Trust of India
UPDATED ON DEC 10, 2018 01:52 PM IST
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.
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