Shrimi Choudhary

Tax in the time of digital India's tryst with taxing of multinational corporations, or MNCs, is well documented, though not always in a kind way if you think about the so-called retrospective taxes.

Monthly GST collection in 2024-25 could be in range of Rs 1.7-1.8 trillion

Signals further boost in GST mop-up in November E-way bills , or electronic permits, generated by businesses for transporting goods within and across

Indirect tax authorities to send intimation to businesses not complying with e-invoicing rules

The Centre could further moderate its divestment target for 2024-25 (FY25), as it does not expect large receipts from asset sales — except some ongoing strategic ones, including IDBI Bank, which could spill over into next financial year.

Annual turnover of these firms between Rs 5 crore and Rs 20 crore

Federal agency seizes assets worth Rs 50 cr, including immovable properties worth Rs 25 cr, of businessman

The government has projected 10.5 per cent growth in revenues from corporate and individual income tax to Rs 18.23 trillion this financial year

Taking both direct and indirect taxes, the gross collection is expected to grow 10.45 per cent to Rs 33.61 trillion in 2023-2024.

E-invoicing provides real-time access to invoices that are prepared by the supplier on the purchase of goods, allowing faster accessibility to input tax credit, thereby limiting the manipulation of fake credit as it has to be generated before the transaction.