Net direct tax collections jump 45% till June 16 in 2022-23
Net collection from direct taxes jumped to Rs 3,39,225 crore in the current financial year till June 16 as compared to Rs 2,33,651 crore recorded in the corresponding period of the last year, registering a year-on-year growth of 45 per cent.
Jun 17, 2022, 18:13 PM IST
India eyes spending cuts as glitches in GST hit revenue
Tax receipts were about USD 7.8 billion in July - a little over half the monthly target - mostly because millions of firms failed to comply with the new Goods and Services Tax (GST) system that harmonises all state and central sales taxes but is still a work in progress.
Sep 18, 2017, 18:44 PM IST
GST revenue hit Rs 92,283 cr in July, red line crossed: Arun Jaitley
India's maiden GST revenue mop-up got off to a bumper start, with Finance Minister Arun Jaitley saying on Tuesday that taxes worth Rs 92,283 crore were collected in July from just 64.42 percent of the total taxpayer base.
Aug 30, 2017, 08:57 AM IST
Demonetisation: FM Jaitley dismisses slowdown concerns, says higher tax mop up indicates uptick in economic activity
Finance Minister Arun Jaitley on Monday said that the indirect and direct tax collections between April and December this year increased by 25 percent and 12.01 percent respectively compared to the same period last year.
Jan 09, 2017, 12:48 PM IST
BSE, Nifty snap 2-week losing streak on bargain hunting
Snapping the last 2-week losing streak, BSE benchmark Sensex and CNX Nifty regained by 586 points and 200 points respectively on bargain hunting from domestic mutual funds despite selling from foreign funds.
Dec 31, 2016, 14:42 PM IST
NDMC records highest collection of property tax in five years
The New Delhi Municipal Council (NDMC) has recovered a record property tax collection of over Rs 290 crore during the current financial year so far, the highest figure in the last five years.
Oct 05, 2015, 19:55 PM IST
Indirect tax collections grow 36.5% to Rs 2.63 lakh crore
Indirect tax collections rose 36.5 percent in April-August to over Rs 2.63 lakh crore, suggesting that the underlying momentum in the economy is strong, the Finance Ministry said Wednesday.
Sep 09, 2015, 19:18 PM IST
Higher tax collections to help improve fiscal deficit: Jaitley
Finance Minister Arun Jaitley on Monday said direct tax collections for the current financial year were likely to increase by 14-15 percent, enabling the government to improve upon its fiscal deficit target of 3.9 percent.
May 25, 2015, 18:30 PM IST
Squeeze parallel economy in a fair manner: FM to taxmen
Jaitley further said that improvement in tax collection will increase the ability of the government to step up spending on social and infrastructure projects.
May 25, 2015, 13:00 PM IST
We expect a growth of 14-15% in direct tax collections: FM Jaitley
While addressing the conference he said that we have to bring tax rate at global level while t the same time removing the exemptions.
May 25, 2015, 11:23 AM IST
Direct Tax collections marginally short of target in 2014-15
Direct tax collections touched Rs 6,96,200 crore during 2014-15 despite difficulties on the economic front, marginally falling short of the target.
May 05, 2015, 16:26 PM IST
Indirect tax collections rise 7.1% in April-November 2014
Indirect tax collections rose marginally by 7.1 percent in the April-November period to over Rs 3.28 lakh crore, mainly on account of increase in revenue from service tax and customs.
Dec 11, 2014, 21:36 PM IST
Indirect tax collections rise 5.6% in Apr-Oct
Indirect tax revenues rose marginally by 5.6 percent in the April-October period to over Rs 2.85 lakh crore, mainly on account of increase in service tax and customs collections.
Nov 12, 2014, 15:27 PM IST
Indirect tax collections up 4.6% in Apr-Aug
Indirect tax mop up inched up by 4.6 percent in the April-August period of this fiscal, while customs duty and excise duty collections rose marginally.
Sep 12, 2014, 19:17 PM IST
