Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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: TDS :: VAT Audit :: Central Excise rule to resale the machines to a new company :: form 3cd :: ACCOUNTING STANDARD :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: due date for vat payment :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: articles on VAT and GST in India
 
 
Indirect Tax »
 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
 The threat of harsh penalty should not impede tax compliance
 What are the tax exemption limits for allowances, reimbursements paid to employees? Find out
 High-income taxpayers to get priority treatment and extra facilities
 GST input tax credit rules: How taxpayers will benefit from ITC
 More complications in filing income tax returns
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018
 CBDT asks Income Tax officials to pull their socks up as revenue collection not satisfactory
 Nearly 15 pct growth in direct tax collections for fiscal 2017-18

Indirect tax revenue keeps slowdown fears alive
November, 13th 2014

Indirect tax revenue rose 7.5 per cent to Rs 44,384 crore in October from Rs 41,290 crore in the corresponding month a year ago, indicating woes of economic slowdown might not be over yet.

Customs, excise and service tax collection increased 5.6 per cent to Rs 2.85 lakh-crore in the first seven months of 2014-15 from Rs 2.69 lakh-crore in the corresponding period a year ago. Indirect tax collection so far is 45.7 per cent of the Budget estimate of Rs 6.23 lakh-crore. This has widened the fiscal deficit to 83 per cent of the Budget estimate.

Finance Minister Arun Jaitley had said meeting the indirect tax collection target will be a challenge unless economic growth revives. The government has targeted 20 per cent growth in indirect tax collection in 2014-15 from Rs 5.19 lakh-crore in the revised estimate for the previous year.

The growth in indirect tax revenue in the first seven months of the year is similar to the 5.3 per cent growth in the corresponding period of 2013-14, when collections fell 8.04 per cent short of the Rs 5.65-lakh -crore Budget estimate.

Customs collection grew 19.5 per cent to Rs 16,800 crore in October on high imports and softening crude oil prices. In September, the trade deficit had doubled because of a phenomenal rise in gold imports, which draw 10 per cent Customs duty.

Excise collection grew 1.4 per cent to Rs 14,169 crore in October because manufacturing might not have revived adequately in the festival month. Services tax collection also rose 1.2 per cent to Rs 13,415 crore.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

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