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The revenue from GST for the current fiscal has been pegged at over Rs 4.44 lakh crore, while for next fiscal it is Rs 7.43 lakh crore.
The net direct tax collections jumped by 18 per cent to Rs 43,391 crore during the first two months of the current fiscal.
The agency's poor track record in convictions is the only light at the end of a rather long tunnel for the couple, observes Shyamal Majumdar.
Further stimulus measures are expected in the upcoming Budget where the focus is likely to be on reforms, including some structural measures such as reducing red tape and boosting foreign direct investment. The meeting with industrialists is in the series of discussions that Modi has had during the last couple of weeks to seek suggestions to revive growth.
He was last month appointed as Secretary in Department of Economic Affairs in place of his batchmate Arvind Mayaram, who was first shifted to Tourism and then to Minority Affairs Ministry.
The Centre is in talks with Mauritius with regard to the long-pending revision of the bilateral tax treaty.
Underlines need to reduce human interface; wants tax e-assessment in more cities
The camaraderie between Paresh Rawal and Rishi Kapoor makes Patel Ki Punjabi Shaadi a strictly one-time watch.
The complaints were filed by Bharatiya Janata Party leaders for allegedly calling Union Minister Amit Shah a "murder accused" and saying that "all thieves have Modi as surname".
"It's a welcome development, but we also feel it was long overdue... It's a recognition of the actions that the government has undertaken like GST, bankruptcy. We also need to keep all these things in perspective," Chief Economic Adviser Arvind Subramanian said.
"Some persons chased my car near Bayad (in Aravalli district)... then I was picked up by some persons.. after that I was made to sit in a car for the entire night," Hardik told reporters.
"The response (to the PMGKY) has not been so good...about Rs 5,000 crore of income was declared in PMGKY," Revenue Secretary Hasmukh Adhia said.
According to state government sources in Gujarat, cotton sowing was only 9,339 hectares or 0.37% of the normal three-year average sowing in the first week of this month
'When I saw Sridevi in Lamhe, I decided I wanted to be an actress.' Meet 3AM actress Anindita Nayar.
Finance Ministry, Assocham on Tuesday sought a taxation friendly environment for the startups
All goods and services have been put in slabs of 5%, 12%, 18% and 28%
The CBI and ED are keeping a close eye on several bank accounts.
Cap on bank withdrawals to be reviewed after Dec 30, says finance secy.
Since its rollout 13 months ago, the new indirect tax has yielded Rs 1 trillion only in in April 2018
Bureaucrats heading disinvestment and financial services usually don't get appointed as finance secretary.
The police found the boy in a cotton field in Ugamedi village of Bhavnagar district, with injuries to his throat and private parts and chemicals poured into his eyes.
Blackmoney holders t oface the music very soon, says FM.
The finance ministry on Friday informed a parliamentary committee that smuggling of fake currency has totally stopped post demonetisation and the tax department has seized Rs 515 crore in cash, including Rs 114 crore of new currency notes, up to January 10.
In yet another secretary-level change, government appointed Hasmukh Adhia, a 1981 Gujarat cadre IAS officer, as the new Financial Services Secretary replacing G S Sandhu.
The first Budget of Independent India was presented by R K Shanmukham Chetty on November 26, 1947.
"They need to clarify that demonetisation means it is demonetisation for all. Same rules for everyone. If 500/1000 are illegal tender, then how are they trying to show that there is a division between common people and political parties?" Banerjee said in a series of tweets.
The passage of the bill will pave the way for setting up of a GST council that will decide the tax rate, cess and surcharges.
Finance Minister Nirmala Sitharaman will present her second Budget a little more than a month from now. Like any other FM, Sitharaman will depend on her team of bureaucrats and advisors to frame and present the Budget.
Indian government expects LIC to have better business this year.
The Centre is grappling with the question of its fiscal roadmap not only for this year but for 2018-19
Government on Monday said Rs 4,147 crore or Rs 41.47 billion has been disclosed under the black money compliance window.
Tista Sengupta takes a walk through Kumbharwada, north Mumbai's potters' colony, and discovers that kumbhars struggle to keep the traditional art of clay diya making alive. Photographs: Hitesh Harisinghani
Accounting for the first Advance Estimates for 2017-18, an additional planned borrowing of Rs 200 billion, the fiscal deficit could come in at 3.35 per cent of GDP.
A ban on cash transaction of more than Rs 3 lakh has been proposed in the Budget for 2017-18.
The fiscal deficit rose primarily on the back of lower non-tax revenues, which came in at 60 per cent of full-year target, compared with 62.4 per cent for the same period last year.
A corpus of Rs 20,000-30,000 crore is under consideration, to narrow the input tax credit cycle and facilitate their working capital requirements.
Petroleum Minister Dharmendra Pradhan's wish to levy indirect tax on petrol unlikely to be taken up
Most families had high value currency notes and they used it for making payments during the pre-demonetisation era.
The council decided not to levy any additional tax on small petrol and diesel cars of up to 1200 cc as well as on hybrid ones.
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