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Home > tax collection
tax collection
In the meeting, the GST target was set at Rs 1.10 lakh crore every month between December 2019 and March 2020. Of these four months, Rs 1.25 lakh collections has to be achieved in at least one month, the sources said.
Govt sets Rs 1.1 lakh cr monthly GST collection target; asks taxmen to buckle up
17 Dec 2019 5:44 PM

Taxmen were told that both the GST and Rs 13.35 lakh crore target for direct taxes for 2019-20 will have to be achieved.

Sitharaman said several domestic and global firms have expressed interest in investment post announcement of the reduction in corporate tax rate.
Gross direct tax collection rises by 5 per cent till Nov: Sitharaman
02 Dec 2019 7:23 PM

The main objective of the reduction in corporate tax was aimed at attracting fresh investment in the manufacturing sector.

From 2004 to 2014 we did not implement any structural reforms. During 2014 to 2019 we have implemented a couple of them like Bankruptcy Code and GST. So I would say that this is the time where we need to focus on implementing structural reforms, said CEA K V Subramanian. (Photo: File | Twitter)
Corporate tax cut is a signal to structural reforms: CEA
02 Oct 2019 6:34 PM

I would say that this is the time where we need to focus on implementing structural reforms, said CEA K V Subramanian.

Union Finance Minister Nirmala Sitharaman.
Don't overreach, overstate: FM to tax authorities
28 Aug 2019 9:39 AM

To a question about GST reduction, FM said she was willing to hear everybody, "but it is not in my hands as it has to go to the GST council.

Direct tax revenue has significantly increased by over 78 per cent from Rs 6.38 lakh crore in the financial year 2013-14 to around Rs 11.37 lakh crore in the financial year 2018-19.
Budget 2019: High-end income group people need to pay 3 pc to 7 pc more annually
05 Jul 2019 2:57 PM

Budget 2019 proposes to make return filing compulsory for persons, who have deposited more than Rs 1 cr in a current account in a year.

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