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Revenue Secretary

Revenue Secretary Sanjay Malhotra lays foundation stone of New GST Bhawan in Hyderabad

Revenue Secretary Sanjay Malhotra lays foundation stone of New GST Bhawan in Hyderabad

Wed, Mar 13, 2024

In attendance were members of CBIC (Central Board of Indirect Taxes & Customs), the Chief Commissioner of CGST and Customs, Hyderabad, Director General of HRD, CBIC, along with other senior officers, and the officers and staff of the Hyderabad Zone.

Existing taxation structure for corporates very reasonable: Revenue Secretary Sanjay Malhotra

Existing taxation structure for corporates very reasonable: Revenue Secretary Sanjay Malhotra

Sun, Feb 04, 2024

In an interview with PTI, Malhotra said the Interim Budget 2024-25 provides for continuity in taxation regime and the benefits given to taxpayers in the last years are showing results in the form of huge buoyancy in personal income tax.

GST revenues grow 11% to about Rs 1.6 lakh crore in August: Revenue Secretary

GST revenues grow 11% to about Rs 1.6 lakh crore in August: Revenue Secretary

Fri, Sep 01, 2023

The GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased compliance and less evasion, Revenue Secretary Sanjay Malhotra said.

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India to press for automatic exchange of info on non-financial assets, properties at G20: Revenue Secretary

India to press for automatic exchange of info on non-financial assets, properties at G20: Revenue Secretary

Thu, Apr 27, 2023

Addressing the meeting of the 'Asia Initiative of the Global Forum on Transparency and Exchange of Information for Tax Purposes', Malhotra said there is also a need to broaden the scope of AEOI so that the information could be used not only to check tax evasion but also for other non-tax law enforcing purposes.

Govt proposes changes in income tax law for startups: Here's how it will help sector to boom, top official explains

Govt proposes changes in income tax law for startups: Here's how it will help sector to boom, top official explains

Sat, Feb 04, 2023

According to tax experts, the Budget has proposed to tweak Section 56 of the income tax act to check tax avoidance.

No timeline to remove old tax regime, Revenue Secretary Sanjay Malhotra says

No timeline to remove old tax regime, Revenue Secretary Sanjay Malhotra says

Fri, Feb 03, 2023

There is no timeline to remove the old tax regime Revenue Secretary Sanjay Malhotra has said. He said that 50-60 per cent of the tax payers may switch to the new tax regime

Sanjay Malhotra takes charge as Revenue Secretary

Sanjay Malhotra takes charge as Revenue Secretary

Thu, Dec 01, 2022

Sanjay Malhotra replaced Tarun Bajaj, who superannuated on November 30.

DFS Secretary, Sanjay Malhotra to be appointed as the new Revenue Secretary

DFS Secretary, Sanjay Malhotra to be appointed as the new Revenue Secretary

Wed, Oct 19, 2022

Financial Services Secretary Sanjay Malhotra will be appointed as the new Revenue Secretary, announced the government today.

Revenue Secretary Tarun Bajaj gets additional charge of Corporate Affairs Secretary

Revenue Secretary Tarun Bajaj gets additional charge of Corporate Affairs Secretary

Mon, Aug 22, 2022

Tarun Bajaj was appointed as the revenue secretary under the Ministry of Finance in April 2021.

ITR filing big update: Only 4 days left! Govt expects 1 crore Income Tax Returns on last date

ITR filing big update: Only 4 days left! Govt expects 1 crore Income Tax Returns on last date

Thu, Jul 28, 2022

Data suggest that over 50 lakh ITRs were filed on the last date last time. This time as well, the Revenue Secretary said, that the last date could see huge traffic on the I-T filing portal, expecting around 1 crore returns on July 31.

ITR filing last date: No plan to extend deadline, says Revenue Secretary

ITR filing last date: No plan to extend deadline, says Revenue Secretary

Fri, Jul 22, 2022

As per I-T rules, the deadline for filing ITRs of a fiscal by individual taxpayers who do not need to get their accounts audited is July 31 of the subsequent financial year.

Revenue Secretary says fiscal year tax collection likely to be better than budget estimate

Revenue Secretary says fiscal year tax collection likely to be better than budget estimate

Fri, Jun 10, 2022

Revenue Secretary Tarun Bajaj said tax revenue collections in an ongoing fiscal year are expected to be far better than the budget estimates. Last fiscal year, indirect taxes grew at 20%, and direct taxes by 49%.

Tax revenue collection in FY23 expected to be far better than budget estimate: Revenue Secretary

Tax revenue collection in FY23 expected to be far better than budget estimate: Revenue Secretary

Thu, Jun 09, 2022

Revenue Secretary Tarun Bajaj on Thursday said tax revenue collections in ongoing fiscal year are expected to be far better than the budget estimates.

Centre to release another Rs 35,000 cr compensation to states soon

Centre to release another Rs 35,000 cr compensation to states soon

Mon, Feb 10, 2020

The Centre will soon release another Rs 35,000 crore to states to compensate for the revenue loss on account of GST rollout, an official said. Under the Goods and Services Tax (GST) law, states are guaranteed compensation for revenue loss for 5 years if their revenue does not increase 14 per cent on the base year of 2015-16

12% tax revenue growth achievable in 2020-21 fiscal: Revenue Secy

12% tax revenue growth achievable in 2020-21 fiscal: Revenue Secy

Mon, Feb 10, 2020

A 12 per cent growth in tax collections next fiscal may look ambitious to some but for Revenue Secretary Ajay Bhushan Pandey it is achievable in an economy that is projected to clock a 10 per cent nominal GDP growth

Who is Ajay Bhushan Pandey, the man appointed as new Revenue Secretary after Hasmukh Adhia retired

Who is Ajay Bhushan Pandey, the man appointed as new Revenue Secretary after Hasmukh Adhia retired

Fri, Nov 30, 2018

Ajay Bhushan Pandey is the UIDAI CEO who has been appointed as the Revenue Secretary in the Finance Ministry after Hasmukh Adhia retired on Friday.

Tax authorities to tighten the screw on traders to increase GST collections

Tax authorities to tighten the screw on traders to increase GST collections

Mon, Dec 11, 2017

The official also hinted in the report that small taxpayers with annual turnover of upto Rs 1.5 crore and controlled by state tax authorities were suspected to be dodging tax payment.

Not ruling out rationalisation of GST rates: Revenue Secretary

Not ruling out rationalisation of GST rates: Revenue Secretary

Tue, May 30, 2017

Adhia also said the GST may push India's GDP up by more than 4 per cent because of the simplicity and predictability of the new indirect tax regime, which will encourage people to be tax compliant.

Revenue department sets up twitter handle to answer GST queries

Revenue department sets up twitter handle to answer GST queries

Mon, May 29, 2017

With just over a month left for GST implementation, the revenue department today started a new twitter handle to answer industry queries related to the new indirect tax regime.

Govt may rework indirect tax maths mid-way after GST entry

Govt may rework indirect tax maths mid-way after GST entry

Sun, Feb 12, 2017

GST collections so made are then to be split equally between the Centre and states. But since there are no reliable estimates of combined VAT collections of states, Jaitley could not project the Centre's revenue from GST in 2017-18.

Indirect tax collection grows 17% in January 2017, Hasmukh Adhia says

Indirect tax collection grows 17% in January 2017, Hasmukh Adhia says

Fri, Feb 10, 2017

India's revenue secretary Hasmukh Adhhia in New Delhi on Friday said that tax collections (direct and indirect) continue to show consistent trend of healthy growth.

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