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Additional instalment of tax devolution to be released to States on June 2: Finance Ministry

May 30, 2025May 30, 2025cpooldigitalLeave a Comment

[ad_1] Representational image | Photo Credit: Getty Images/iStockphoto The government on Friday (May 30, 2025) approved an additional instalment of ₹81,735 crore as tax devolution to States, which will be released on June 2. This release is in addition to the regular monthly instalment of tax devolution of ₹81,735 crore, which will be released on […]

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

April 1, 2023April 1, 2023cpooldigitalLeave a Comment

[ad_1] 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 […]

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

March 24, 2023March 24, 2023cpooldigitalLeave a Comment

[ad_1] 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 […]

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

December 12, 2022December 12, 2022cpooldigitalLeave a Comment

[ad_1] 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 […]

Centre ready to bring fuel under GST: Petroleum Minister Puri

November 14, 2022November 15, 2022cpooldigitalLeave a Comment

[ad_1] 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 […]

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

September 4, 2022September 4, 2022cpooldigitalLeave a Comment

[ad_1] 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 […]

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

June 26, 2022June 26, 2022cpooldigitalLeave a Comment

[ad_1] 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 […]