The deep-rooted structural problems of our tax system cannot be cured by ersatz solutions. A Direct Tax Code to simplify the Income-tax regime has been in the offing since 2010 and was last heard about in 2020, but nothing concrete has emerged. In fact, looking to the changes in the business environment, a Direct Tax Code may no longer be useful. Rather, a comprehensive tax code embodying both Direct and Indirect Tax provisions is required.
The Goods and Services Tax collection rose 10.05 per cent in April 2019 from a year ago
The government should focus on relentless implementation of the Goods and Services Tax (GST) because in most cases, implementation of…
As India's most ambitious indirect tax reform received the green light from the Lok Sabha earlier this week, the 13th Goods…
As India's most ambitious indirect tax reform received the green light from the Lok Sabha earlier this week, the 13th Goods…
The All India Gem and Jewellery Trade Federation, which has proposed a 1.25 per cent tax rate on gems and…
The Central government on Friday reported that direct tax collections continued to show a steady growth till February 2017 and were up by…
Former finance minister P Chidambaram, who feels the Union Budget for 2017-18 is "aimless and directionless", says the government should…
Former finance minister P Chidambaram, who feels the Union Budget for 2017-18 is "aimless and directionless", says the government should…
Battling slump in demand after shock demonetisation, Finance Minister Arun Jaitley may look to spur consumption through lower taxes in…
