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Gross collection of direct taxes for 2022-23 stood at Rs.13,63,649 crore, registering a growth of 25.90%
Finance

Direct tax collections up 19.81% at Rs.11,35,754 cr till Dec 17

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Currently, online gaming attracts 18 percent GST. The tax is levied on gross gaming revenue, which is the fees charged by online gaming portals
Finance

GST Council to hold virtual meet; the panel of state ministers...

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Reflecting the theme of "Vasudhaiva Kutumbakam" & "One Earth, One Family, One Future", the discussions focused on issues relating to the global economy and risks
Finance

The first G20 finance and central bank deputies meet held in...

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Refunds amounting to Rs 2.15 lakh crore were issued between April 1 - November 30
Finance

India sees a rise in tax collection by 24% in the...

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The meeting, which will mark the start of discussions on the finance track agenda under the Indian G20 Presidency, will be hosted jointly by the Ministry of Finance and RBI
Finance

The first finance & central bank deputies meeting under India’s G20...

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The total amount of compensation released to the states/ UTs so far, including the aforesaid amount, during the year 2022-23 is Rs.1,15,662 crore, the Finance Ministry said
Finance

Centre releases Rs.17,000 crore GST compensation to states, UTs

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The exchange took place last month and the next set of information would be shared by Switzerland in September 2023
Finance

India gets 4th set of Swiss bank account details. Publish all...

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Last year, direct tax collections stood at Rs.5.29 lakh crore, which was 30.17 percent higher than the net collections for the corresponding period of the previous year
Finance

Gross direct tax collections up 35.46% YoY in FY23; to touch...

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The Finance Ministry shared India's successful experiences with interoperable payment systems and account aggregator initiative
Finance

UN’s special advocate lauds India’s financial inclusion efforts

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Govt clarification comes after media reports claimed that the central bank was considering adding fees to each financial transaction made through the UPI system
Finance

Centre not considering levying charges for UPI services, clarifies Finance Ministry

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