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TAX BUOYANCY
AI tools helping identify GST evasion, easing compliance for honest taxpayers: FinMinIndia's Goods and Services Tax (GST) system is leveraging advanced technologies like AI and data analytics to combat tax evasion and stream...
States' expenditure rises 131% in 10 yrs on welfare, development: CAG ReportStates' spending surged 131 percent from 2015-16 to 2024-25. Welfare and development drove this growth. Revenue expenditure remained the la...
India's new GDP yardstick: What changed, what did not, and what every investor should now read differentlyIndia changed the base year used to measure its economy from 2011-12 to 2022-23. The first full-year provisional numbers under the new yard...
Corporate India posts 25% profit surge in Q4 FY26, but rising costs squeeze marginsCorporate India's March quarter net profit surged 25.3%, driven by non-operating factors, masking operating challenges like rising input co...
Macro, the Mightiest: Why India’s biggest macro variable still falls from the skyThe 2026 monsoon comes with a clear warning: Rainfall is forecast at 92% of the long-period average, with higher-than-usual probability of ...
Direct tax mop-up misses FY26 target; Collections rise 5%India's direct tax collections saw a modest rise in FY26. However, the total mop-up missed the revised target by ₹81,000 crore. Both corpor...
RBI Governor Malhotra calls for deeper, more efficient financial markets as India shows resilience amid global headwindsIndian financial markets are showing strength amid global challenges. RBI Governor Sanjay Malhotra highlighted that future growth hinges on...
Govt plans to stick to budgeted capex, exit non-strategic areasIndia plans to keep its capital spending high in FY27 to support economic growth. Officials stated the government will continue its planned...
India’s tax buoyancy slump is a warning for fiscal policyIndia's tax revenue growth has slowed significantly in FY26. This creates a challenge for the government balancing economic support and fis...
GST not only increased tax payers base but also lowered tax evasion over past 8 years: BoBA Bank of Baroda report indicates that Goods and Services Tax implementation has expanded the tax base. It has also reduced tax evasion. GS...
India needs 1.2-1.5 tax buoyancy to achieve 6.5-7pc growth: EYIndia needs to maintain a tax buoyancy of 1.2-1.5 to achieve 6.5-7% growth, according to an EY report. The government should increase the t...
India's net direct tax collections surge 182% in decadeIndia's net direct tax collections surged 182.02% to Rs 19.60 lakh crore in FY24, driven by a 294.3% increase in personal income tax collec...
GST helped increase revenue buoyancy of states: FM Nirmala SitharamanGiving a comparison of the tax rates pre and post-GST, Sitharaman said, "GST has done justice to the consumers by bringing the rates down c...
Why has India’s corporate tax mop-up failed to match the pace of personal income-tax collection?India's corporate tax collection has struggled to keep pace with personal income tax in recent years due to factors such as better complian...
Eyeing top 50: Insolvency resolution, cross-border trade, contracts in focusStates might be facing a revenue gap of up to Rs 1.23 lakh crore after withdrawal of GST compensation.
Corporate tax cut positive but growth faces headwinds: Moody'sCentre announced a reduction in the base corporation tax rate to 22% from 30%.
Finance minister hopes tax buoyancy will do the trickFiscal deficit could rise to 4% of GDP in FY20 as result of cut in corporate tax rates.
Demonetisation as a Parrondo’s ParadoxThe stakes were always stacked up high against demonetisation, and odds in the game were largely skewed towards a failure.
- India's tax collection shows buoyancy
Except excise, all taxes will outdo the Budget estimates with corporate & service tax emerging on top.
- WB favours VAT for greater tax buoyancy, compliance
India would do well to adopt value added tax system, that is a better way to tax services and it increases tax compliance, a top World Bank...