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India's net direct tax collection rises 23.4% y/y April-November

Gross tax collected, before adjusting refunds, was 12.67 trillion rupees, about 17.7% higher than last year. ....

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Welcome To IANS Live - BUSINESS - Spike in cesses, surcharges in Gross Tax revenue, 8.16 % in 2011-12 to 28.08% in 2021-22

The share of cesses and surcharges was 8.16 per cent of gross tax revenue in 2011-12 and 28.08 per cent of gross tax revenue in 2021-22, said the Ministry of Finance in a written reply in the Lok Sabha on Monday.The ....

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Welcome To IANS Live - LatestNews - Spike in cesses, surcharges in Gross Tax revenue, 8.16 % in 2011-12 to 28.08% in 2021-22

The share of cesses and surcharges was 8.16 per cent of gross tax revenue in 2011-12 and 28.08 per cent of gross tax revenue in 2021-22, said the Ministry of Finance in a written reply in the Lok Sabha on Monday.The ....

New Delhi , Union Government , Services Tax , Union List , Union Budget , Services Tax Council , Gross Tax , Lok Sabha , One Hundred , First Amendment ,

Red River, New Mexico

Red River, New Mexico, is a beautiful part of the Sangre de Cristo Mountain Range and is located high in the southern Rockies. ....

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15th Fin Comm opted for continuity, predictability in deciding tax devolution to states: NK Singh

Updated Mar 06, 2021 | 17:45 IST
Rajya Sabha MP Sushil Kumar Modi highlighted that the share of divisible pool is slowly shrinking as the cess and surcharge component in Gross Tax revenue is increasing
15th Fin Comm opted for continuity, predictability in deciding tax devolution to states: NK Singh | Photo Credit: BCCL
New Delhi: The 15th Finance Commission opted for continuity and predictability and hence retained the share of tax devolution to states at 41 per cent of the total pool, its chairman NK Singh said on Saturday.
Speaking at a webinar organised by the Centre for Policy Research (CPR), Singh said each Finance Commission in the past has somewhat increased the total amount of devolution to states, but the 15th Finance Commission weighed all the options considering that the fiscal space of both states and the Centre has shrunk on account of the COVID-19 pandemic. ....

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