Budget 2019: Govt leans on corporate tax collection as GST falters

Union Budget 2019 India: The Union government is banking on buoyancy in the corporate tax collection to achieve its revenue collection target this year as other sources like GST fail to meet budget targets. Over the years, corporation tax has emerged as the biggest source of tax revenue of the central government. In this year’s budget, finance minister Nirmala Sitharaman has projected corporate ta…