https://www.taxtmi.com/news?id=25306 Tax collections for 2021-22 exceeded budget estimates due to strong growth in corporate and income taxes and notable increases in GST and customs receipts, attributed to post pandemic economic recovery and strengthened tax administration. Rapid return processing and refund clearance improved liquidity, while GST compliance improved as filing rates converged and e way bill values rose. Elevated tax GDP ratio and healthy tax buoyancy indicate revenue growth outpacing nominal GDP. en-us Fri, 08 Apr 2022 16:37:04 +0530 Fri, 08 Apr 2022 16:37:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25306 Tax collections for 2021-22 exceeded budget estimates due to strong growth in corporate and income taxes and notable increases in GST and customs receipts, attributed to post pandemic economic recovery and strengthened tax administration. Rapid return processing and refund clearance improved liquidity, while GST compliance improved as filing rates converged and e way bill values rose. Elevated tax GDP ratio and healthy tax buoyancy indicate revenue growth outpacing nominal GDP. News - Fri, 08 Apr 2022 16:37:04 +0530 https://www.taxtmi.com/news?id=25306