Direct tax collections exceed Budget estimates after 3 years

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After a gap of three years, direct tax collections — which include corporate tax and personal income tax — have exceeded the Budget estimates for FY’22, indicating economic recovery. As per the Budget document, the government has revised upwards the direct tax collection estimates for 2021-22 fiscal from Rs 11.08 lakh crore in Budget estimates…Continue Reading

GST collections may break all records soon: Revenue secretary Tarun Bajaj

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Bajaj expects the collections to break the Rs 1.4-trillion record Topics GST collections | Goods and Services Tax | GST revenue The uptrend in GST collections will continue in the remaining quarters, Revenue Secretary Tarun Bajaj tells Shrimi Choudhary in an exclusive conversation, attributing the rise to both tax administration and economic recovery. Bajaj expects the collections to break…Continue Reading