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You are at:Home»Business»Tax arrears recovery: Rs 21 lakh crore! Parliament panel asks revenue dept to formulate concrete action plan
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Tax arrears recovery: Rs 21 lakh crore! Parliament panel asks revenue dept to formulate concrete action plan

Paul EasterBy Paul EasterAugust 3, 2022No Comments1 Min Read
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The report of the Standing Committee on Finance, which was tabled in Parliament, said the revenue department seems to be “caught up in the vicious cycle to tax arrears”, as about Rs 18.68 lakh crore in direct tax and Rs 2.95 lakh crore in indirect tax are outstanding in the form of tax arrears.

Tax arrears recovery: Rs 21 lakh crore! Parliament panel asks revenue dept to formulate concrete action plan

The committee noted that the finance ministry has initiated various legislative and administrative measures, besides “special efforts” to realise and recover tax arrears. Pic: Pixabay





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