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Direct Tax mop up in Apr-Jan at Rs 7.89 lakh cr

Saturday, February 9, 2019, 10:25 AM

Net direct tax collection during the April-January period of current fiscal stood at Rs 7.89 lakh crore, Parliament was informed. In a written reply to a question in the Lok Sabha, Minister of State for Finance Shiv Pratap Shukla said there were 9.92 crore direct taxpayers in Assessment Year 2016-17, which increased to 7.41 crore in 2017-18.
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Direct tax collections rise 15.7% YoY for April-November period

Monday, December 10, 2018, 3:47 PM

The direct tax collections are up 15.7% for the April-November period from corresponding period a year ago, data released by the government on Monday showed. Collections added to Rs 6.75 lakh crore while refunds amounting to Rs 1.23 lakh crore have been issued during April-November, which is 20.8% higher than refunds issued during the same period in the preceding year.
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GST body alleges Rs 25 cr tax evasion at RBL Bank

Tuesday, September 11, 2018, 7:11 AM

The anti-evasion wing of Central GST (Goods and Services Tax) and central excise in Mumbai has alleged a tax evasion of around 25 crore by RBL Bank over fees charged by banking correspondents (BCs) in transactions spanning three years. The 'cut and pay' model of the bank undervalued the domestic money transfer services, a source at the GST body.

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