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FY19 direct tax collections fall short by Rs 50k crore

Monday, April 1, 2019, 3:00 PM

Direct tax collections have fallen short by Rs.50,000-crore thereby failing to meet the revised target of Rs.12L-crore for 2018-19 fiscal on account of poor personal income tax collections. "We will get close to most likely the earlier target of Rs.11.5L-crore for 2018-19 as calculations are at the final-stage not beyond that... We will not meet upward revised target of Rs.12L-crore," an official source said.
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Government collects highest ever GST in March at Rs 1.06 lakh crore

Monday, April 1, 2019, 2:42 PM

The government collected highest ever GST for the month of March crossing the Rs One lakh crore mark. The government mopped up Rs 1,06,577 crore of which CGST is Rs 20,353 crore, SGST is Rs 27,520 crore, IGST is Rs 50,418 crore (including Rs 23,521 crore collected on imports) and Cess is Rs 8,286 crore (including Rs 891 crore collected on imports).
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Resolve angel tax issues fast, CBDT tells its officers

Thursday, March 14, 2019, 10:28 AM

The CBDT has asked its officers across India to avoid taking "coercive measures" against companies that have received notices under the so-called angel tax, in what can be seen as softening of its stance on an issue that has roiled the startup ecosystem. In its written communication, the department also asked tax commissioners to resolve disputes with startups on a priority basis.

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