Page 5 - Shrimi Choudhary

India's total tax receipts likely to exceed Budget Estimate in FY24

Monthly GST mop-up in FY25 could be Rs 1.7-1.8 trillion

FM Nirmala Sitharaman pitches for economic integration with Sri Lanka

Sitharaman assured India will continue to work closely with the island nation on debt restructuring discussions and extend support for its economic recovery

Two-pillar tax deal can help countries but needs a rejig to suit India

Tax in the time of digital

Centre may moderate FY25 disinvestment target amid limited asset sales

The FY24 Budget Estimate of Rs 51,000 cr expected to be halved

October GST collection rises 13% to Rs 1.72 trn, second-highest ever

Momentum expected to continue amid higher festival-season consumer spending

India's gross tax receipts remain robust; fiscal deficit at Rs 7.02 trn

Upward trend mainly due to spike in corporation tax mop-up

FM Nirmala Sitharaman seeks global help to nab smuggling masterminds

Calls for cooperation of global Customs bodies to share "actionable" info

Nine-year shift: Taxpayers' income distribution less tilted to super-rich

ITR filing surges 90% during AY13-14 and AY2021-22

GST enforcement action likely to fetch over Rs 50,000 crore in FY24

Could be highest recovery ever in a year

Some MNCs may face tax heat as SC clears air on MFN applicability

The issue emerged when India signed treaties with other nations, including Slovenia, Lithuania, and Colombia, and fixed a lower rate (5 per cent withholding tax)

GST intelligence detects tax evasion of Rs 1.36 trillion so far in FY24

Between Apr 2020- Sep 2023, over 6,000 fake ITC cases reported

India arms of 1,000 MNCs asked to pay GST on expat salaries, allowances

Tax demands for 18% GST range from Rs 1 crore to Rs 150 crore

Expanding OIDAR scope: Foreign firms asked to comply with GST norms

Intimation notices to 70 online gaming, edtech, ad companies

New angel tax regime: No scrutiny of recognised startups, says CBDT

The angel tax is on the amount received by a company above the fair market value as income

Countries working to resolve differences over Global tax deal: OECD draft

FinMin says intensive capacity-building initiatives are imperative for effective implementation

Will exceed Budget target for direct tax: CBDT chairman Nitin Gupta

Rs 600 cr TDS comes from online gaming firms, Rs 105 cr from crypto assets

Upcoming Marrakech meet: Global deal for 15% min tax on MNCs on anvil

India is also expected to outline its roadmap for implementing Pillar 1 of the proposed deal, which would require amendments to domestic laws

Potential withdrawal of GST notices hangs on Gameskraft case outcome

About 70 to 80 online gaming firms, including notable ones like Dream 11 and Play Games 24x7

Personal guarantee to attract 18% GST in exceptional considerations

Centre to issue circular soon outlining scenarios, which could trigger tax liability

GST Council 'cedes right' to states on taxing neutral alcohols: FM

Strap: GST Council has slashed rates on molasses, millet mix, cleared air on corporate guarantee