Page-2 of Revenue
GoI notifies rules for Vivad Se Vishwas Scheme
On March 19, 2020, Govenrment of India has notified rules to avail full benefit of direct tax dispute resolution under the Vivad Se Vishwas Scheme. Highlights Currently, there are more than 400,000 cases that are eligible to avail the scheme. ..
Month: Current Affairs - March, 2020
Corona Virus: GoI halts three crucial policies as revenues shrink
As the outbreak of corona virus has hit revenue collection, the Government of India has dropped three crucial policies. Highlights The revenue collection for the fiscal year 2019-20 has contracted by 3.5% in the first 11 months. With the increasing ..
Month: Current Affairs - March, 2020
Fiscal Deficit of GoI touched 132% of full year target
On January 31, 2020, the Controller General of Accounts (CGA) released data on fiscal deficit of Government of India. According to the report, the fiscal deficit of India touched 132.4% of the full-year target in December, 2019. Highlights The gap ..
Month: Current Affairs - February, 2020
Stamps released to commemorate contribution of Directorate of Revenue Intelligence
On December 26, 2019, Union Finance Minister Smt. Nirmala Sitaraman released postage stamps to commemorate the services of Directorate of Revenue Intelligence (DRI) in order to protect the nation. Significance DRI plays an immense role to counter smuggling and preserve ..
Month: Current Affairs - December, 2019
GST Revenue Collection Report for November 2019
According to a report published by the Ministry of Finance, Gross Goods and Services Tax(GST) revenue collected in November was Rs 1,03,492 crore out of which Central GST (CGST) is around Rs 19,592 crore, State GST (SGST) of Rs 27,144 ..
Indian Railways set to carry E-commerce consignment
The Indian Railways has started its pilot project of allowing e-commerce consignments in non-peak hours. The project was earlier launched by the Eastern Railways for the first time in India when it allowed the Amazon consignments in its EMU local ..