Wednesday, August 3, 2022

Revenue department told to focus on tax arrears

The report of the Standing Committee on Finance, tabled in Parliament, said the revenue department seems to be "caught up in the vicious cycle to tax arrears", as about ₹18.68 lakh crore in direct tax and ₹2.95 lakh crore in indirect tax arrears are outstanding.

from Economy-News-Economic Times https://ift.tt/wyh8ZnA
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