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Four states drive 70% of net direct tax mop-up in FY23

On the indirect taxes side as well, five states accounted for nearly half of the states’ total Goods and Services Tax (GST) share.

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winter session: Govt seeks Lok Sabha nod for over Rs 1.29 lakh crore additional spending for FY24

India s government has requested approval for an additional spending of Rs 1.29 lakh crore for FY24, matched by savings of Rs 70,968 crore. The additional spending includes a Rs 13,351 crore fertiliser subsidy. Despite the additional outgo, the government expects to meet its FY24 fiscal deficit target of 5.9% of GDP.

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Govt seeks Lok Sabha nod for fresh cash outgo of over ₹58,000 crore during FY24

Govt seeks Lok Sabha nod for fresh cash outgo of over ₹58,000 crore during FY24
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Rs1.51 lakh crore of GST evasion detected in April-October, Maharashtra tops list

The government has detected goods and services tax (GST) evasion to the tune of Rs 1.51 lakh crore between April to October in the current financial year (2023-24), according to data tabled by the Finance Ministry in Parliament on Tuesday.

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Government says 28 virtual digital assets service providers registered with FIU-India

Government says 28 virtual digital assets service providers registered with FIU-India
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