mopup

The Union government’s finances witnessed significant improvement in August after a stressful first four months of the current fiscal year. India’s gross tax revenue, comprising both direct and indirect taxes, for the first five months of…

NEW DELHI: In the wake of the HDFC-HDFC Bank merger, finance minister Nirmala Sitharamanon Thursday instructed the chiefs of public sector banks to focus on mopping up deposits at a time when the state-run players have lost market share.A…

Whether it is common consumer, whether it is the state government, a matter of tax buoyancy, whether it is making it digital and simpler, GST stands out as an exemplar,” said Union Minister for Finance & Corporate Affairs Nirmala…

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The IPO size could be anywhere between Rs 175 crore and Rs 200 crore.The IPO is entirely a fresh issue of up to 8 crore equity shares, according to the fresh draft red herring prospectusMukka Proteins Ltd, which manufactures fish meal, fish…

NEW DELHI: The Centre’s gross direct tax collections have increased 12. 7% to a little under Rs 4. 2 lakh crore during the fiscal year up to June 17, on the back of healthy advance tax mop-up.Latest data released by the Central Board of…

GST collection rose 11. 5% to Rs 1,57,090 crore in May, sustaining the momentum seen over the last few months.Datareleased by the finance ministry showed mopup during May (based on transactions in the previous month) remained over the Rs…

NEW DELHI: Maharashtra topped the list of states and Union Territories with the highest collection of direct taxes in 2021-22 followed by Delhi, Karnataka, Tamil Nadu and Gujarat, data released by the tax departmenton Thursday showed.The…

The cumulative collection through two government schemes launched to discourage physical gold purchases and reduce imports crossed the ₹50,000-crore mark for the first time, seven years after they were rolled out.At the current retail gold…

MUMBAI: Maharashtra continues to report the highest GST collection in the country, accounting for almost15% of the national figure in 2022-23. Its GST kitty is also growing the fastest, with its compound annual growth rate (CAGR) between…