Snehal khanna Blog

India's taxpayer has won in a war on corruption, but may well be losing an equivalent money again as a consumer, or likely, as a taxpayer LATEST NEWS : We wish India's telecom saga would be a Bollywood movie, with a happy ending. But what we have witnessed since the May of 1994, when India began slowly easing the state grip on telecoms to usher in everything from private players to mobile phones to the Internet, is a long-winding soap opera.  In line with the spirit of the saas-bahu nation, we can announce that Reliance Jio is the much loved and hated new bahu (daughter-in-law)  in this opera, impressing everyone and upsetting the older order. If you are looking not for entertaining conflicts but deep wisdom, it is this: India's taxpayer has won in a war on corruption, but may well be losing an equivalent money again as a consumer, or likely, as a taxpayer. Does it matter if someone picks your right pocket instead of left to take out the same amount of mo...

About 45% of taxpayers yet to file returns LATEST NEWS :  The government gathered Rs 90,669 crore Goods and services tax (GST) for August, a little decrease than the Rs 94,063 crore accumulated in July. that is additionally decrease than the Rs 91,000 crore which need to have come to the Centre and states in a month, given the finances Estimates and assumed increase costs in receipts for 2017-18. Only 55 according to cent of assessees paid taxes for August, in comparison to 64 per cent for July. However, the figures should be compared cautiously. approximately Rs 92,283 crore GST became gathered for July until August 29, whilst Rs 90,669 crore turned into garnered till September 25. consequently, increase in collections changed into flat in August, in comparison to July. As tons as Rs 94,063 crore changed into paid till August 31. Approximately Rs 14,402 crore came from the principal GST (CGST) in August, towards Rs 14,894 crore in July (paid till August 29); R...