Tag: tax

GST revenues grow 13% in March; gross collections for 2022-23 up by 22%

GST revenues grow 13% in March; gross collections for 2022-23 up by 22%

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GST revenues grew 13% in March 2023, to record the second highest monthly collections of ₹1.6 lakh crore | Photo Credit: AFP India’s Goods and Services Tax (GST) revenues grew 13% in March, to record the second highest monthly collections of ₹1.6 lakh crore from the indirect tax, with receipts from goods imports rising 8% […]

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Windfall Tax | Vedanta deducts million from govt.’s profit to make up for tax paid

Windfall Tax | Vedanta deducts $91 million from govt.’s profit to make up for tax paid

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Vedanta Ltd has withheld about $91 million from the share of profit due to government from its oil and gas fields against the 9-month-old windfall tax. In signs of protests against the 9-month-old windfall tax, mining mogul Anil Agarwal’s Vedanta Ltd has withheld about $91 million from the share of profit due to government from […]

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Net direct tax collection grows 24% to ₹8.77 lakh crore; nears 62% of Budget Estimates

Net direct tax collection grows 24% to ₹8.77 lakh crore; nears 62% of Budget Estimates

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File. | Photo Credit: Reuters The net direct tax collection grew 24% to ₹8.77 lakh crore in the April-November of the current fiscal, the Finance Ministry said on December 12. This represents 61.79% of the full-year Budget Estimates (BE) of direct tax collection for 2022-23 (April-March). “Direct tax collection net of refund stands at Rs […]

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Centre ready to bring fuel under GST: Petroleum Minister Puri

Centre ready to bring fuel under GST: Petroleum Minister Puri

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Representational file image. | Photo Credit: A.M. FARUQUI The Centre is ready for bringing petrol and diesel under the GST regime but it is unlikely that the states will agree to such a move, Petroleum and Natural Gas Minister Hardeep Singh Puri said on November 14. “For bringing the petrol and diesel under the GST, […]

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Govt. should not be running businesses; can’t have industrial growth from taxation: Maruti Suzuki India Chairman

Govt. should not be running businesses; can’t have industrial growth from taxation: Maruti Suzuki India Chairman

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A public sector firm is also handicapped by the entire environment, such as the limitation of being an instrument of state under the Constitution Maruti Suzuki India Chairman R.C. Bhargava A public sector firm is also handicapped by the entire environment, such as the limitation of being an instrument of state under the Constitution Maruti […]

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Restoration of trust between States and Centre essential for smooth continuation of GST system: Praveen Chakravarty

Restoration of trust between States and Centre essential for smooth continuation of GST system: Praveen Chakravarty

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 States should get direct taxation powers, extension of revenue guarantee, says Praveen Chakravarty, Chairman of the Congress Data Analytics Department  States should get direct taxation powers, extension of revenue guarantee, says Praveen Chakravarty, Chairman of the Congress Data Analytics Department The GST Council is meeting in Chandigarh on Tuesday and Wednesday even as the tax […]

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