Page 3 - Tax Revenue

Govt expecting very robust tax revenue this fiscal: Revenue Secy

The government is expecting a 'robust' tax revenue in the current fiscal on the back of better-than-expected corporate sector performance, Revenue Secretary Tarun Bajaj said

Sitharaman as FM: Some positive surprises, a few works in progress

Tax, revenue and macroeconomic trends are encouraging, but more needs to be done on privatisation, clean-up of banking mess, anti-protectionism, and de-politicisation of govt bodies, writes T N Ninan

Fuel price surge: What India can learn from Biden and Sunak's tax policies

When the times change, policy has to adapt. Why then is New Delhi so determined to not raise rates on under-taxed forms of income and wealth, questions T N Ninan

Interest on public debt may eat away half of govt tax revenue in FY21, FY22

Expenditure on interest will account for 52.4 per cent of the central tax revenues in FY22

Forward-looking Budget eases tax compliance; ball in GST council's court

Budget can be viewed as a positive and a forward-looking in line with promoting the vision of an 'Atmanirbhar Bharat', coupled with continued efforts to ease compliance and check tax evasion.

Covid spending to tax revenue: Key numbers to watch out for in Budget 2021

Here are the key numbers to watch out for in the Budget for 2021-22, which is widely expected to be a "economic vaccine" for the pandemic-battered economy.

India's Covid-19 pandemic fiscal cost lowest among major nations: Report

Business Standard's own calculations suggest that the Centre's fiscal impact amounts to around Rs 2.28 trillion, or around 1.2 per cent of GDP.

Adityanath seeks ways to boost tax revenue as UP misses April target by 90%

Chairing a review meeting here, Adityanath directed the revenue minister and other senior officials to look at additional sources of revenue and accelerate tax collection

Optimistic projection

Doubts emerge about the Budget's tax revenue estimates

Why govt may have to lower its FY20 tax revenue target a second time

For this financial year, the Budget has already slashed the net tax revenue figures by Rs 1.45 trillion in RE to Rs 15.04 trillion, down from Rs 16.49 trillion given in the BE in July 2019

Union Budget 2020: Fake invoicing under GST a non-bailable offence

Sitharaman announced that the new GST return framework and e-invoicing would be implemented from April 1, to improve compliance and plug the tax revenue leakages

Budget 2020: Tax revenue estimate for FY20 likely to be slashed 4-6%

This will be the second time that the projection will be changed for the current fiscal year

Govt's fiscal woes likely to climb as gross spending to rise by 20%: Report

The total budgeted expenditure of the central government for 2019-20 is Rs 27.86 trillion.

Fiscal deficit may slip to 3.5-3.8% in FY20; govt set to miss 3.3% target

The FRBM Act, after its amendment in 2018, allows a fiscal deficit slippage of not more than 0.5% for any given year, provided there are justifications

How should the government revive demand?

What happens when, with government expenditure unchanged at Rs 65 trillion, the FM decides to reduce the tax rate, mobilise less revenue and let the deficit widen by Rs 1 trillion?

FY20 gross tax revenue likely to fall short by around Rs 2 trillion

FinMin is said to have shared assessment with 15th FC

After corporate tax cut, fiscal crisis reaches states' doorstep

The recent sentiment-boosting corporate tax cuts will cost the government Rs 1.45 trillion of gross tax revenue

15th Finance Commission likely to cut devolution to states marginally

The new devolution formula could thus be applied to the Centre's tax revenues after deducting from them its capex on defence and internal security

Centre's tax revenue at Rs 13.2 trillion in FY19, missed target by 11%

The collection in 2017-18 was 98% of the revised target

Centre hopes to mop up Rs 4.4 trillion from cess and surcharges in FY20

While an increase in cess and surcharges consequently denies states a higher share of taxes collected by the centre, such a revenue stream helps shore up the central government's coffers