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Indirect Tax

GST leads to Formalization of Economy and Widening of Tax Base, says Govt.

Historic tax reform, the Goods and Service Tax ( GST ), has resulted in the formalization of the economy and consequently, information flow would...

GST Council to meet on Nov 10 in Assam: Council to Cut list of items in 28%

All You Need to Know About Invoices under GST

Indirect Tax and Direct Tax Collections up 22.2% and 10.7% respectively more than the corresponding...

Indirect Tax Collections grows 16.9%, Direct Tax Collections grows 10.79% up to Jan 2017

Direct and Indirect Tax Collection Gone-up: April to December Data shows a Positive Trend, says FM Arun Jaitley

Direct Taxes grow by 12.01% and Indirect Taxes grow by 25% over the corresponding period last year i.e. April-December 2015. In a press conference held today, the Union Finance Minister Arun...

Direct Tax collection up by 15.12%, Indirect Tax collection up by 26.2%

Direct Taxes The figures for direct tax collections up to November, 2016 show that net collections are at Rs. 4.12 lakh crore which is 15.12% more than the net collections for the corresponding...

Indirect Tax collection up 26.7%, Direct Tax up 10.6% during thr period April to October

Indirect Tax Collections up to October, 2016 register an increase of 26.7% over the net collections for the corresponding period last year; Net Indirect Collections stood at Rs.4.85 lakh crore;...

Indirect Tax Collections up 25.9% over the Net Indirect Tax Collections

Net revenue collections up to September, 2016 stood at Rs 4.08 lakh crore which is 52.5% of the Budget Estimates of Indirect Taxes for Financial Year 2016-17. The figures for indirect tax...

Indirect Tax collections up 30% and Direct Tax up 24% till July

The figures for indirect tax revenue (provisional) collections upto July, 2016 show that the net revenue collections are at Rs. 2,71,719 crore as compared to Rs. 2,09,217 crore for the corresponding...

Indirect Tax collection grows 41.8% compared to last year

Indirect Tax collections for the month of April 2016 was Rs 64,394 crore registering a growth of 41.8% as compared to Rs. 45,417 crore collected during the same period previous year i.e. month of...