Tag: Tax Revenue
Govt’s gross direct tax collections see 16.11% year-on-year jump till July 13
The Centre’s gross direct tax collections in 2026-27 up to July 13 saw a 16.11% year-on-year growth to around ₹7.74 lakh crore driven by higher…
India’s FY26 tax collections remain weak, FY27 may be a different story: CareEdge Ratings
New Delhi: The central government’s tax collections have remained weak so far in the ongoing financial year 2025-26 (FY26), with growth significantly lower than budgeted…
India’s April-October fiscal deficit at Rs 8.25 lakh crore, widens on-year to 52.6% of FY26 aim
India’s fiscal deficit for April to October, or the first seven months of this fiscal year, was at Rs 8.25 lakh crore, equivalent to 52.6%…
Pai-led research group urges Finance Commission to mandate a cap on GST cess
A team of experts led by venture capitalist TV Mohandas Pai has urged the 16th Finance Commission to cap cess and surcharges to protect the…
Government reports fiscal gap at 38.1% of FY26 target as of August
New Delhi: Higher spending and lower net tax collection widened the Centre’s fiscal deficit up to August in this financial year to 38.1% of the…
GST reforms will boost market purchasing and economy: MoS Pankaj Chaudhary
The recent GST reforms will spur market consumption and boost the domestic economy, Minister of State for Finance Pankaj Chaudhary said on Monday. He said…