Unlike previous years, corporations are experiencing less pressure to pay pending dues as the government has exceeded its revenue targets for the current financial year. This shift in dynamics is notable, especially during the usual end-of-year tax season. In March, corporations typically face persistent requests from jurisdictional officers for cash payments to meet tax obligations before the year-end. However, revenue intelligence officers investigating pending GST matters are now granting corporations breathing space, refraining from pressing for ad hoc tax payments. This change can be attributed to the government surpassing its tax collection targets for FY24.
Good Tax Collection Eases Pressure on Corporations
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/03/28152403/newindianexpress_2024-03_3938fa5b-f434-4182-8105-01de681736c2_GOOD-ezgif.com-avif-to-jpg-converter-860x822.jpg)