Mon, Feb 10, 2020
The Centre will soon release another Rs 35,000 crore to states to compensate for the revenue loss on account of GST rollout, an official said. Under the Goods and Services Tax (GST) law, states are guaranteed compensation for revenue loss for 5 years if their revenue does not increase 14 per cent on the base year of 2015-16
More >
A 12 per cent growth in tax collections next fiscal may look ambitious to some but for Revenue Secretary Ajay Bhushan Pandey it is achievable in an economy that is projected to clock a 10 per cent nominal GDP growth
Fri, Nov 30, 2018
Ajay Bhushan Pandey is the UIDAI CEO who has been appointed as the Revenue Secretary in the Finance Ministry after Hasmukh Adhia retired on Friday.
Mon, Dec 11, 2017
The official also hinted in the report that small taxpayers with annual turnover of upto Rs 1.5 crore and controlled by state tax authorities were suspected to be dodging tax payment.
Tue, May 30, 2017
Adhia also said the GST may push India's GDP up by more than 4 per cent because of the simplicity and predictability of the new indirect tax regime, which will encourage people to be tax compliant.
Mon, May 29, 2017
With just over a month left for GST implementation, the revenue department today started a new twitter handle to answer industry queries related to the new indirect tax regime.
Sun, Feb 12, 2017
GST collections so made are then to be split equally between the Centre and states. But since there are no reliable estimates of combined VAT collections of states, Jaitley could not project the Centre's revenue from GST in 2017-18.
Fri, Feb 10, 2017
India's revenue secretary Hasmukh Adhhia in New Delhi on Friday said that tax collections (direct and indirect) continue to show consistent trend of healthy growth.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
