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: form 3cd :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: cpt :: VAT RATES :: TDS :: empanelment :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company
Indirect Tax »
 Applicability of TDS provisions of section 194-I of the Income-tax Act, 1961 on lump sum lease premium paid for acquisition of long term lease-regarding
 CBDT seeks monthly data of disposed I-T appeals
 Further indirect tax may be levied in 2017
 India has to make its own tax law
 Centre warns against criticism of GST network
 Indirect tax collection jumps 26% in April-September, direct tax 9%
 Indirect Tax collections up
 Thank you note from income tax department
 Tax dept scanning IDS disclosures filed through post
 Poor management cause of financial pressure on Centre
 GST to have short-lived impact on inflation: RBI

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 2016 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