An autonomous research institute under the Ministry of Finance

 

Taxation and revenue

Exploring Possible Reasons for GST Revenue Shortfall

19/03/2018

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In the 25th meeting of GST Council, concerns are raised over shortfall in GST revenue collection. Mismatch of Rs. 34,000 Crore tax liabilities reported in GSTR-1 and GSTR-3B took the centre stage of discussion on GST during last week. The shortfall in GST revenue collection may be due ...

GST


Cess Collection and Spending: A Brief Review on the Basis of Union Budget 2018-19

21/02/2018

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In the Union budget 2018-19, the government has not made any change in income tax rate, but has made substantial changes in cess types and rates. During the financial year 2017-18, the Union Government abolished more than 20 types of cess and introduced GST compensation cess. In the current budget ...


Perceptions of tax compliance in India

06/11/2017

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[Co-authored with R. Kavita Rao]

 

Tax compliance, i.e. filing of return and the declaration of income for tax, is the outcome of complex interactions between the measures adopted by the income tax department and the inherent beliefs of the taxpayers. Focussing on the latter, in 2015, we conducted ...

Tax on Agricultural Income: A Revisit via Tax Laws

05/10/2017

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Taxation of agricultural income has been in the eye of storm recently. While adverse impact of such taxation on farmers has been a primary concern, the need for resource mobilisation brings the debate back to the limelight regularly. However, in my view, the debate is not supported by appropriate facts ...

What’s a Shell Company?

06/09/2017

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Shell companies are known to be misused by individuals and companies for the purpose of avoiding taxes as well as to launder money. Investigations reveal that shell companies are amorphous entities. Learning from the experience during demonetisation, large number of shell companies allowed the laundering of cash by providing entries ...