Income tax-biggest revenue category; corporate tax now behind even GST: Anand Rathi report

Jul 15, 2024

Personal income tax now accounts for nearly 30 per cent of gross tax collection, emerging as the government's largest resource mobiliser.

GST collection in Jan 2024 registers second highest monthly revenue

Jan 31, 2024

The Goods and Services Tax (GST) collection for January 2024 has recorded the second-highest monthly collection ever, according to the Ministry of Finance.

Ratio of corporate tax collection to GDP exceeds 3% in FY22 after 2 years

Jan 02, 2023

The net corporate tax collection was Rs 7.12 lakh crore in 2021-22 while GDP was at Rs 236.64 lakh crore at current market price....

Law Committee of GST Council to meet on Wednesday to discuss fake invoices

Nov 16, 2020

New Delhi [India], November 16 : An urgent meeting of the Law Committee of the Goods and Service Tax (GST) Council has been convened...

PM Modi lauds highest-ever GST collection in April 2023

May 01, 2023

"Great news for the Indian economy! Rising tax collection despite lower tax rates shows the success of how GST has increased integration and compliance,"...

Finance Minister Sitharaman unveils interim budget 2024 with emphasis on stability and continuity in taxation

Feb 01, 2024

"In keeping with convention, I do not propose to make any changes relating to taxation and propose to retain the same tax rates for...