Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: TDS :: Central Excise rule to resale the machines to a new company :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: form 3cd :: cpt :: ACCOUNTING STANDARDS :: empanelment :: VAT Audit :: articles on VAT and GST in India
 
 
News Headlines »
  Best ways to save tax in 2017
 8 unknown stocks that could yield huge returns
 Government may set threshold for probe into deposits to prevent harassment of taxpayers
 How to calculate capital gains tax
 April 1 still the target for GST: FM
 How to respond to CBDT’s tax compliance notice
 Goods & Services Tax (GST)(As On 01-01-2017)
 Excise, service taxpayers to migrate to GST portal by January 31
 Tax numbers belie slowdown: FM
 Income tax (1st Amendment) Rules, 2017
 Anti-avoidance tax rule to kick in from April 2017

Net tax revenue to be higher than budget estimates: Report
October, 21st 2008

Goldman Sachs expects the Indian Government's net tax revenue to increase by 20 percent in the current fiscal, higher than the budget estimate of 17 per cent, due to the robust direct tax collection, despite slowdown in indirect tax figures.

"We expect revenue growth to slow a notch in FY 2009 from FY 2008, and yet higher than budgeted," Goldman Sachs said in its research report.

Direct tax collections grew by a whopping 38 percent to touch Rs 3,14,468 crore in 2007-08 and indirect tax collections also surpassed the revised estimates of Rs 2,79,000 crore.

The report, Asia Economics Flash, however, said tax revenue growth might slow down further next fiscal due to weakening economic activity.

"We expect net tax revenue growth to slow from 20 per cent (YoY) in the current fiscal to 16 percent in FY'10," the report said.

This fiscal indirect tax collections were targeted to move up to around Rs 3,20,000 crore and direct tax collections to around Rs 3,94,000 crore.

Goldman Sachs said continued buoyancy in direct taxes (corporate and income) will offset a slowdown in excise and customs duties.

The direct taxes have gone up by 32.54 percent during the first half of the current fiscal, while customs and excise duty grew by just 9.8 percent to Rs 19,421 crore in September.

In fact, excise duty collection declined by 3.8 percent to Rs 9,800 crore in September from Rs 10,186 crore in the same month last year.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions