Refunds amounting to Rs 1.53 lakh crore have been issued between April 1 and October 8, which are 81 per cent higher than refunds issued during the same period in the preceding year.
Direct taxes, which comprise income tax paid by individuals and corporate tax, came in at Rs 14.10 lakh crore -- Rs 3.02 lakh crore higher than the budget estimate.
Odisha has recorded 41.32 per cent growth in GST collection in August 2021 compared to the corresponding period of 2020, GST officials said on Friday.
Bhubaneswar: The Income Tax Department has estimated a collection of Rs 12,151 crore in Odisha during the current financial year. Nearly, 48.4 per cent amounting to Rs 5,880 crore has already been collected, informed Commissioner of Income Tax Department Asit Mohapatra. According to sources, this financial year as many as 10, 27, 796 people will […]
New Delhi: The Goods and Services Tax (GST) Council on Saturday decided to form a seven-member Group of Ministers (GoM) to study anomalies in tax collection in some of the states which showed wide deviation from what was expected. “The Council has approved the proposal to form a seven-member GoM to study the revenue trend, […]
Sambalpur: In a bid to promote cashless transactions, Sambalpur Municipal Corporation (SMC) is all set to use swipe machines for collection of taxes shortly. Deputy Commissioner of the SMC, Sudhansu Bhoi said, “We have already asked the HDFC bank to provide us two swipe machines. While one swipe machine will be installed at the office of […]
New Delhi: In an apparent sign of economic slowdown, India’s GST collections in August dropped to Rs 98,202 crore from over Rs 1.02 lakh crore in the previous month, the finance ministry said on Sunday. However, total Goods and Services Tax (GST) mop-up for August this year was 4.5 per cent higher than the Rs […]
Bhubaneswar: Is Odisha on the verge of a ‘financial crisis’ in the current fiscal year? Recently during a meeting of all Secretaries and Special Secretaries in Lok Seva Bhawan, a report presented by Principal Secretary, Finance Department on fiscal performance of the State during 2019-20 till end of October 2019 based on Treasury figures, revealed […]
Bhubaneswar: Chief Minister Naveen Patnaik on Monday launched Online Property Tax Module to facilitate payment of property tax digitally with an aim to bring greater transparency and efficiency to urban administration. The CM also launched the Municipal Premier League to encourage ULBs to enhance their own revenue collections. Launching these twin programmes of Housing & […]
Bhubaneswar: The revenue collection of Odisha government has come down by around 22.94 per cent in the first quarter of the current financial year in comparison to corresponding period of last year, said an official on Thursday. This was stated in an all secretaries meeting held under the chairmanship of chief secretary Asit Tripathy here […]