advance tax collections rise: Advance tax collections rise 20%; Rs 3.54 lakh crore in kitty till September 15

2023-09-17 01:15:34 Advance tax collections in the first half of 2023-24 have increased 20% year on year to ₹3.54 lakh crore, people privy to the development said. Collections could go up further in the final tally as the numbers reflected calculations till 11.30 pm on September 15 – the last day for paying advance tax … Read more

CAG report: Kerala’s revenue collection in 2021-22 decreased by 10 per cent compared to 2017-18: CAG report

2023-09-14 15:53:02 A report of the Comptroller and Auditor General of India (CAG) on Kerala’s revenue sector for the financial year 2021-22 has found that the state’s revenue collection had decreased by 10 per cent from what it was in 2017-18, while the receipts from the Centre had increased. The report, tabled in the assembly … Read more

GST collections in August rise 11% YoY to Rs 1.59 lakh cr on improved compliance – The Economic Times Video

2023-09-01 17:51:14 GST collections grew by 11 per cent to over Rs 1.59 lakh crore in August on the back of improved compliance and reduced evasion, with experts forecasting higher mop-up to continue in the upcoming festive season. The gross GST revenue collected in August 2023 is Rs 1,59,069 crore of which Central GST is … Read more

New Tax Law in Chile: Impact on Professional Services and Agents

2022-12-09 08:00:00 09 December 2022 Novagraaf Group To print this article, all you need is to be registered or login on From January 1, 2023, professional services in Chile will be subject to a value added tax of 19% following the publication in the Chilean Official Journal of Law No. 21.240. The prices of … Read more

August GST collection: India’s GST collections up 11 per cent to Rs 1.59 lakh cr in August

2023-09-01 07:31:04 India’s goods and services tax collections grew to Rs 1.59 lakh crore in August, up 11 per cent on a year-on-year basis, the Finance Ministry said in a statement on Friday. The collection from Goods and Services Tax (GST) was Rs 1,43,612 crore in August 2022. GST collection had seen a similar annualised … Read more

Value-added tax: VAT now? Companies face tax demand worth Rs 30,000 crore

2023-08-31 00:20:55 State tax authorities have sent notices to around 200 companies, including Colgate Palmolive, L’Oreal, Castrol, Saint-Gobain, Whirlpool, Mastek, Domino’s Pizza, and McDonald’s India, seeking tax under the pre-goods and services tax (GST) regime. These companies have moved various high courts and even the Supreme Court arguing that they cannot be taxed on the … Read more