Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: list of goods taxed at 4% :: empanelment :: form 3cd :: ACCOUNTING STANDARDS :: VAT RATES :: VAT Audit :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India
Indirect Tax »
 All education loans do not get income tax benefits
 FM Arun Jaitley to focus on direct and indirect taxes
 Income Tax For Individuals – Assessment Year 2019–20
 States set separate dates to implement e-way bill
 What are direct and indirect taxes?
 Indirect transfer conundrum continues
 We expect significant changes in income tax slabs, say taxpayers
 Indirect taxes collection could fall short of target due to GST
 Indirect Tax Collection Under Gst Goes Down By 30 Percent
 What is a belated income tax return and what are its consequences
 Why rejig of financial year could upset your tax planning

Indirect tax collections dip in Oct
November, 09th 2011

The slowdown in industrial production has started showing its impact on government's revenues as both Central Excise and Customs duties dropped sharply in October, resulting in 2.5% less collection in indirect tax for the month as compared to the same period last year.

The indirect tax collections in October dropped 2.5% to Rs 30,278 crore as against Rs 31,058 crore in October, 2010, mainly on account of a slowing economy and a cut in Customs and excise duties on petroleum products a few months ago.

Realizations from Customs dropped 11.6% in October to Rs 11,357 crore from Rs 12,849 crore in the year-ago period, said a senior official from the Central Board of Excise and Customs. The central excise collections dropped 5.3% to Rs 10,527 crore from last year's Rs 11,120 crore.

Service tax had a good growth of 18.4%. In October, the collection rose to Rs 8,394 crore from Rs 7,089 crore in October 2010.

However, during the April-October period, the indirect tax collection showed a 17.8% increase to Rs 2.01 lakh crore from Rs 1.70 lakh crore during the corresponding period last year.

The increase during the first seven months of the current fiscal was on account of higher collections in initial months from Customs, excise and service tax that rose by 16.6%, 10.6% and 33.6%, respectively.

To check motor fuel prices, the government had slashed Customs and central excise duties in June to provide a relief to consumers. The cut meant an annual loss of Rs 49,000 crore to the government, including the states' share.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

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