SahilOnline | Reflection of the Truth - Leading news portal from Coastal Karnataka

SahilOnline WhatsApp header
collapse
Home / National News / No changes in tax rates for direct, indirect taxes: FM Nirmala Sitharaman
FEATURED NEWS

No changes in tax rates for direct, indirect taxes: FM Nirmala Sitharaman

Thu, 01 Feb 2024 12:35:40  S O Correspondent   PTI
After Home  on news deatail page after news headline 2

NEW DELHI: Finance Minister Nirmala Sitharaman on Thursday said there are no changes in tax rates for direct and indirect taxes, including import duties.

She also said the number of tax filers has swollen 2.4 times and the direct tax collection has trebled since 2014.

The processing time of tax returns has been reduced from 93 days in FY14 to 10 days; and refunds have been made faster, she said.

The government continues to be on the path of fiscal consolidation to reduce fiscal deficit to 4.5 pc in 2025-26.

She added that the tax base of Goods and Services Tax (GST) has more than doubled since FY14.