The Central Board of Indirect Taxes and Customs (CBIC) is keen on widening tax base and improve compliance with the help of both technology and audit tools. The board is looking at simplification, integration and streamlining of processes for return filing and rectification to make compliance easier for taxpayers. It is also looking at enabling data analytics to identify patterns and gaps. The Union Budget 2023-24 has estimated collection from GST to increase by nearly 13 per cent to Rs.9.6 trillion in 2023-24 from the revised estimate of Rs.8.5 trillion in 2022-23.
References | ||
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Unemployment Rate (30-DAY MVG. AVG.) Per cent |
|
7.7 | +0.8 |
Consumer Sentiments Index Base September-December 2015 |
|
87.9 | +0.2 |
Consumer Expectations Index Base September-December 2015 |
|
88.0 | +0.3 |
Current Economic Conditions Index Base September-December 2015 |
|
87.8 | 0.0 |
Updated on : 23 Mar 2023 12:00AM |
(Rs.trillion) | Mar 22 | Jun 22 | Sep 22 | Dec 22 |
---|---|---|---|---|
New projects | 9.01 | 5.29 | 4.50 | 6.84 |
Completed projects | 1.34 | 1.17 | 1.39 | 1.69 |
Stalled projects | 0.43 | 0.54 | 0.08 | 0.01 |
Revived projects | 0.33 | 0.29 | 0.16 | 0.68 |
Implementation stalled projects | 0.09 | 0.29 | 0.28 | 0.11 |
Updated on: 24 Mar 2023 9:28AM |
(% change) | Mar 22 | Jun 22 | Sep 22 | Dec 22 |
---|---|---|---|---|
All listed Companies | ||||
Income | 20.8 | 40.1 | 25.2 | 16.5 |
Expenses | 19.8 | 41.4 | 26.9 | 16.3 |
Net profit | 31.6 | 21.3 | -1.2 | 6.6 |
PAT margin (%) | 8.8 | 7.2 | 7.6 | 8.4 |
Count of Cos. | 4,707 | 4,749 | 4,694 | 4,482 |
Non-financial Companies | ||||
Income | 24.8 | 50.1 | 27.8 | 14.9 |
Expenses | 25.7 | 52.9 | 31.2 | 15.5 |
Net profit | 10.1 | 8.4 | -21.4 | -8.9 |
PAT margin (%) | 7.6 | 5.7 | 5.5 | 6.0 |
Net fixed assets | 2.0 | 4.1 | ||
Current assets | 15.0 | 19.0 | ||
Current liabilities | 11.6 | 10.4 | ||
Borrowings | 3.6 | 12.4 | ||
Reserves & surplus | 11.2 | 6.8 | ||
Count of Cos. | 3,408 | 3,442 | 3,425 | 3,322 |
Numbers are net of P&E | ||||
Updated on: 24 Mar 2023 9:28AM |
(% change) | FY20 | FY21 | FY22 |
---|---|---|---|
All Companies | |||
Income | 0.6 | -1.2 | 26.5 |
Expenses | 0.3 | -3.5 | 25.4 |
Net profit | -2.9 | 74.2 | 63.3 |
PAT margin (%) | 2.1 | 4.5 | 6.8 |
Assets | 8.9 | 10.7 | 9.9 |
Net worth | 4.9 | 11.8 | 14.1 |
RONW (%) | 3.5 | 7.0 | 11.3 |
Count of Cos. | 32,238 | 31,091 | 16,811 |
Non-financial Companies | |||
Income | -1.0 | -2.3 | 30.7 |
Expenses | -0.8 | -4.2 | 30.3 |
Net profit | -19.8 | 62.1 | 60.8 |
PAT margin (%) | 2.3 | 4.1 | 5.9 |
Net fixed assets | 11.5 | 2.5 | 2.4 |
Net worth | 2.2 | 10.4 | 14.6 |
RONW (%) | 4.8 | 7.7 | 12.4 |
Debt / Equity (times) | 1.1 | 1.0 | 0.8 |
Interest cover (times) | 1.9 | 2.5 | 3.9 |
Net working capital cycle (days) | 73 | 82 | 61 |
Count of Cos. | 25,483 | 24,401 | 13,909 |
Numbers are net of P&E | |||
Updated on: 19 Mar 2023 11:50AM |