Page 4 - Revenue Department

Govt considering easing tax rules to promote start-ups, says official

Talking about the host of measures on which they are working, Mohapatra said the DPIIT will be extending more funds this year to startups under the Fund of Funds scheme

Covid-19 crisis: Govt wants PSUs to ramp up dividends, share buybacks

With Covid-19 set to hit FY21 revenue mop-up, Centre looks for options

Govt to raise Rs 80,000 cr via cash mgt bills to meet liquidity mismatch

Issuance of CMB may mean liquidity available with govt won't be enough, especially after stimulus packages, and in the face of a falling revenue collection due to the nationwide slowdown

HC rejects revenue dept arguments, allows pre-GST credit till June 30

Court says 90-day limit after GST rollout under rule 117 of CGST Act, on which revenue dept relied, is directional, not mandatory

Implementation of Stamp Act changes deferred by 3 months till July 1

Through a notification the Revenue Department said these amended provisions will come into effect from July 1, 2020.

12% tax revenue growth achievable in 2020-21 fiscal, says Revenue Secy

The 2020-21 Budget has pegged gross tax revenues for 2020-21 at Rs 24.23 trillion, up 12 per cent from Rs 21.63 trillion in the current fiscal

Govt cuts expenditure limit for March quarter as revenue collection falls

The government has asked all departments to restrict the expenses to 25 per cent of the Budget Estimate (BE) in January-March

IGST refunds worth Rs 1.12 trillion paid to exporters, Rs 3,604 cr pending

In addition, adverse verification reports have been received in the case of 399 exporters, which also include 4 'star exporters'

Awards and rewards for revenue officers must go

What I say now will be quite unpopular to the existing officers of the department. But truth be told, this is also a highly rotten system

Revenue department to brief PMO on Rs 1.67-trillion tax shortfall

Despite a cut in the income tax collection target in the full Budget compared to the interim Budget projections, the target is far from realistic

Revenue department mulls 'GST informant reward scheme' to check tax evasion

"The scheme is being planned to check tax evasion. Informers will be rewarded for providing specific clues regarding violation of GST laws," says the official

Revenue dept detects evasion of more than Rs 1.37 lakh cr in last 3 years

it said relentless crusade against black money will be further intensified in the coming days

Revenue dept taking steps to boost growth, jobs: FinMin

The revenue department has lowered the corporate tax rates to 25% for new manufacturing companies