Keyword : Taxes

All eyes on GST Bill as monsoon session of parliament begins

 The monsoon session of the parliament, which commenced Monday, would witness discussions on a host of bills. The most prominent and talked about is the Goods and Services Tax (GST) Bill which

The flawed premises of GST

The 122nd Constitutional Amendment (GST) Bill 2014, cleared on August 4 in the Rajya Sabha subsumes all other indirect taxes at the central and state levels to create one single tax – the goo

A case for taxing agricultural income

At a time when the government is trying to shore up its revenues so that it can carry on its ambitious projects, a key sector that has been left out of taxation is agricultural income. Policy maker

One country, one tax from July 1

 After an intense seven-hour-long debate in the Lok Sabha, the cabinet gave a nod to the Goods and Services Tax (GST) Bill. A green signal has also been given to the four crucial supplementary

Over Rs. 1.37 lakh crore of tax evasion detected in past 3 years

In the fight against black money over the past three years, 23,064 searches/surveys have been conducted, authorities said.   Also, more than Rs. 1.37 lakh crore of ta

Niti Aayog calls for moderate taxes

Niti Aayog has recommended keeping tax levels moderate in order to tackle black money.   “Structural changes to reduce flows of black money will involve keeping

Immediate impact of demonetisation on tax collections was muted

The tax base did expand after demonetisation, said the Economic Survey 2016-17 volume 2, which added: “It is, however, interesting that the average income reported of the new taxpayers-Rs.

How taxes vanish into a black hole

When a citizen does not pay due taxes, the result is black money. Everybody gets worked up about it, and rightly so. But when the government collects taxes and does not use the revenue for the inte

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