indirect tax collections grew while gst mopup shrank

Indirect tax windfall brings cheer amid bad news on inflation, IIP fronts

Good news on the indirect tax collection front was eclipsed by a 3.6% contraction in IIP, and 5.52% higher retail inflation. Read more »
indirect tax collections grew while gst mopup shrank

Record GST collections back World-bank’s 7.5-12.5% growth forecast for Indian economy

Bullish economic growth projections for the Indian economy will depend on financial sector risks, and the success of measures taken to curb the spread of Covid-19. Read more »
GST in education

GST regime in the education sector needs further tweaking

The GST completed its third year on June 30, 2020 and has been largely successful in its policy objectives in education. Read more »
Budget 2021 proposals for education

A transparent global tax regime can help achieve SDGs

Delivery of quality education, healthcare and housing to the bottom billion of the world population is possible with a transparent global tax regime. Read more »
GST council meeting

How the Centre-state row over GST compensation will play out

In case of a dispute between Centre and the states on the recommendations of the GST Council, a dispute resolution mechanism can be established. Read more »
GST collections down

GST collection in August at Rs 86,449 crore

The economies of a dozen states are under strain due to non-payment of GST dues. This has forced them to cut capital expenditure and delay salary payments. Read more »

Last mile reforms can galvanise income tax collections

Honouring the honest: Another area of taxation crying out for automation support and fair queuing is the one involving grant of concessions and reliefs. Read more »

Income tax compliance: Rewards may work better than punishments

Covid-19 has hit tax collections, but the situation will improve in terms of both the number of taxpayers and revenue collections, once the pandemic is under control. Read more »
Finance minister Nirmala Sitharaman

Coronavirus outbreak: FM Nirmala Sitharaman eases compliance burden to reduce pain

The Narendra Modi government announces easier compliance in areas such as income tax, GST, customs & excise, banking and trade. Read more »
India GST collection

GST collection tops Rs 1 lakh cr for second straight month

The December mop-up at Rs 1.03 lakh crore is below the target of Rs 1.1 lakh crore for the last four months of FY20. Read more »