The government is making a concerted effort to recover direct and indirect tax arrears amounting to over ₹46.57 trillion, with the Central Board of Direct Taxes (CBDT) launching a campaign to recover ₹14.97 trillion in net collectible demands and the Central Board of Indirect Taxes and Customs (CBIC) ₹4.27 trillion, two officials said.
To put the numbers in perspective, the total outstanding is around 14% of India's GDP. To be sure, a significant portion is unlikely to be recovered, either because of legal issues, or because the companies involved have no way of paying that kind of money.
Bu hikaye Mint Mumbai dergisinin January 09, 2025 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin January 09, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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