Until December, 499 cases of fake invoices, used for claiming input tax credit worth 3,895 crore, were detected
3 min read7 Jan 2019GST collections in the first seven months of the year were 13% below the budgeted 1.12 trillion per month average
2 min read21 Nov 2018A user-friendly GST would not only lower litigation, but also boost compliance and consequently revenue collections, which so far have been below expectations
2 min read12 Feb 2018Excise collections soared 70.7% to Rs28,252 crore in April
1 min read11 May 2016Indirect tax collections stood at about `1.13 trillion, first quarter of 2014-15 fiscal, as against `1.08 lakh a year ago
1 min read18 Jul 2014The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared