GST rationalisation impact: Higher RBI dividend expected to offset revenue shortfall; CareEdge flags tax pressure
Recent GST rate rationalisation is projected to cause a 0.1% of GDP revenue loss this fiscal year. However, a higher dividend payout from the RBI ...
FY26 fiscal targets: Meeting estimates might be difficult; UBI report flags weak tax growth
India’s FY26 fiscal targets face challenges as corporate and income tax collections lag behind expectations. Despite a robust capital expenditure push, the government’s reliance on ...
GST revenue momentum: Collections rise 4.6% to Rs 1.96 lakh crore in October; festive demand offsets impact of rate cuts
India’s GST collections reached approximately Rs 1.96 lakh crore in October, a 4.6% year-on-year increase driven by strong festive demand and pent-up consumption. This growth ...
Fiscal status: Centre’s fiscal deficit reaches 36.5% of FY26 target; tax revenue touches nearly half of budget estimate
The Centre’s fiscal deficit reached 36.5% of its full-year target by the end of the first half of FY26, a notable increase from 29% in ...
Direct tax collection: Net mop-up rises 6.3% to Rs 11.89 lakh crore; refunds dip
Net direct tax revenue has grown 6.33% to over Rs 11.89 lakh crore by October 12, driven by robust corporate tax collections and reduced refund ...
Net direct tax mop-up rises 9% to Rs 10.82 lakh cr, corporate advance tax grows; refunds fall
India’s net direct tax collections surged by 9.18% to exceed Rs 10.82 lakh crore, propelled by increased corporate advance tax payments. However, refunds witnessed a ...
Fiscal roadmap: Govt on track for 4.4% deficit in FY26, DEA Secretary cites strong growth support
Economic Affairs Secretary Anuradha Thakur affirmed India’s commitment to achieving its fiscal deficit target of 4.4% of GDP by 2025-26, despite recent concerns. She highlighted ...
GST collections: July gross mop-up at Rs 1.96 lakh crore; rises 7.5% year-on-year
India’s Tax Treasure Chest: Decoding the Latest GST Surge India’s Goods and Services Tax (GST) continues to be a fascinating economic barometer, and the latest ...
I-T relief: Growth in direct tax receipts dips to 3.2%
Decoding India’s Direct Tax Revenue: A Look Beneath the Surface India’s economic narrative is often told through numbers – GDP growth, inflation rates, and of ...
June GST collections 2025: Tax mop-up at Rs 1.85 lakh crore, up 6.2% on YoY
India’s gross Goods and Services Tax (GST) collection for June reached Rs 1.85 lakh crore, marking a 6.2% increase compared to last year. While lower ...
