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States hold fuel VAT rates, see up to 58% rise in sales tax revenue

Monthly indicators from the Comptroller and Auditor General of India show that, except for Kerala, states saw growth of up to 58% in “sales tax/taxes on sales, trade, etc.” collect...

Net direct tax collections rise 14.6% to Rs 5.21 lakh crore; advance tax mop-up grows 15.3%

India's net direct tax collections rose 14.6% year-on-year to Rs 5.21 lakh crore as of June 17, 2026, supported by robust growth in corporate and non-corporate tax receipts. Advanc...

Additional taxes

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Net direct tax collection grows over 16% so far in FY27

Net corporate tax collection grew over 22% to around ₹2.40 lakh crore, while net non-corporate tax collection recorded increased around 12% to ₹3.85 lakh crore

ITR filing 2026-27: Gross direct tax collections jump 16.1% to ₹7.74 lakh crore in FY27 so far

Gross direct tax collections for FY 2026-27 stood at ₹7,73,681.68 crore as on July 13, 2026, marking a 16.11% increase from ₹6,66,337.20 crore collected during the corresponding pe...

A tax system based on extortion

High rates punish compliance while farms, wholesale trade stay outside the net

Delhi ITAT: Section 43B Not Attracted Where GST Is Only a Balance Sheet Liability

The Income Tax Appellate Tribunal (ITAT) in Delhi has made a decision favoring KBH Energy & Infra Services Pvt. Ltd. for the financial year 2019-20. The tribunal overturned a t...

Seigniorage Fees vs GST Turnover: Madras HC Backs Tax Department’s Action U/S 74

The Madras High Court has upheld GST proceedings initiated against a quarry operator, observing that a mismatch between the seigniorage fees paid for mineral extraction and the val...

Indirect taxes as sacrosanct for the Greek economy

The discussion about reducing value-added tax and indirect taxes in general often returns to the public debate on how households might be relieved of the burden of inflation. Howev...

Delhi CESTAT Quashes Service Tax Demand Based Solely on ITR and Form 26AS Data Without Proper Investigation

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) in New Delhi ruled that the tax department cannot enforce a service tax demand by invoking the extended limitation...

9-Year Journey of GST

The Goods and Services Tax (GST) was implemented on July 1, 2017, under the banner of “One Nation, One Tax, One Market”. In Jammu & Kashmir, it was implemented on July 8th 2017...

Kolkata likely to host GST Council meeting next month

Meeting likely to take up the next round of indirect tax policy reforms

Presumptive Taxation vs. Stamp Duty Valuation: ITAT Draws the Line Against Double Taxation

Presumptive Taxation vs. Stamp Duty Valuation: ITAT Draws the Line Against Double Taxation     The Income Tax Act contains several deeming provisions. Individually, they serve a sp...

Punjab budget raises tax rates

Loader vehicle taxes triple; sales tax input claims capped at 12 instalments

GST mop-up grows 14% to ₹1.95 lakh crore in June

GST Show Cause Notices: Tripura High Court on Limitation, Section 74 and Parallel Proceedings

Introduction The Goods and Services Tax (GST) regime was conceived as a unified indirect tax regime to eliminate cascading effect of taxes, by replacing multiple central and state...

June 2026 GST Collection Rises 13.9% Year-on-Year to ₹1.94 Lakh Crore

According to provisional data released by the Finance Ministry, India’s gross GST collections reached ₹1,94,812 crore in June 2026, registering a 13.9% year-on-year growth over ₹1,...

Presumptive Taxation vs. Stamp Duty Valuation: ITAT Draws the Line Against Double Taxation

Presumptive Taxation vs. Stamp Duty Valuation: ITAT Draws the Line Against Double Taxation The Income Tax Act contains several deeming provisions. Individually, they serve a specif...

Fixed tax scheme

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What exactly is direct tax?

When a taxpayer must pay taxes directly to the government, meaning the taxes cannot be shifted to other entities or … The post What exactly is direct tax? appeared first on Tax &am...

Section 234C’s Hidden Cushion: The Lesser-Known 12% and 36% Advance Tax Rule

Section 234C’s Hidden Cushion: The Lesser-Known 12% and 36% Advance Tax Rule When discussing advance tax, most taxpayers and even many tax professionals instinctively recall the fa...

The tax we don't pay, the growth we don't get

Agriculture, retail and real estate stay undertaxed while the salaried class and corporate sector carry the load

Advance tax collection increased by over 15% in the first instalment of FY27

Net income tax collection grows 14.64% between April 1 and June 17

JOB POST: Senior Associate – Indirect Tax at White & Brief, Mumbai [4-6 PQE; Offline]: Apply Now!

  The post JOB POST: Senior Associate – Indirect Tax at White & Brief, Mumbai [4-6 PQE; Offline]: Apply Now! appeared first on Lawctopus.