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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: VAT Audit :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: empanelment :: ACCOUNTING STANDARDS :: due date for vat payment :: cpt :: TDS :: articles on VAT and GST in India
 
 
« Indirect Tax »
 Indirect tax wing rejigged ahead of GST launch
 Grey areas remain for foreign investors on tax issues
 GST: New indirect tax regime to remove inter-state barriers, stimulate exports, says Nirmala Sitharaman
 Cabinet Approves 4 GST Supplementary Bills
 GST Council approves all five draft bills ahead of new indirect tax regime
 CAG questions income tax deparment’s ability to probe shell companies
 Income from MF investments must be shown in income tax returns
 Indirect tax higher than direct tax revenues in April-Feb
 Many foreign investors reach out to tax experts about indirect transfer of shares provisions
 How changes in capital gains norms impact your portfolio
 It's time to really pull up India's out-of-control banks

Govt to miss indirect tax collection targets: Com Secy
December, 12th 2008
The Government today said it will not be able to achieve the indirect tax collection target of around Rs 3.20 lakh crore for the current fiscal on account of duty cuts and economic slow down. "We will not meet the indirect tax collection target due to sops given and the global slow down," Commerce Secretary G K Pillai said here. The latest round of duty cuts announced by the Government includes four per cent across the board reduction in excise duty rates to spur economic growth. In fact, the Government will lose around Rs 40,475 crore of indirect taxes during the year because of duty cuts announced after the budget for 2008-09, Central Board of Excise and Customs (CBEC) Chairman P C Jha had said yesterday. As per the latest figures, excise duty collections fell by 8.7 per cent in the month of October, while customs duty collection fell by 0.9 per cent. However service taxes provided grace by rising to 18 per cent in the month of September. "Excise collection in September-October this year has been less compared to last year. This is a very serious thing. If we are to meet the target, we have to maintain a growth rate of 9.3 per cent in excise... We are trying our best to step up collection and meet the target," Jha had said. Pointing out that this is a difficult year, he said instructions have been given to field formations to have equal concern for revenue collection and taxpayers.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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