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 VAT and GST in India :: form 3cd :: TDS :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: ACCOUNTING STANDARD :: empanelment :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES
 
 
« Indirect Tax »
 Indirect tax receipts to see small, brief hit’
 There is no tax on interest income of up to Rs3 lakh a year for senior citizens
 Chidambaram favours change in direct tax rates
  Further rationalization of revised simplified procedure for fixation of brand rates
 Kerala to accept demonetised banknotes for payment of state tax till Nov 24
 Centre-state gridlock over GST jurisdiction remains, could threaten tax rollout
 India to levy tax on investments from Cyprus from April 2017
 Why tax radar may detect your cash deposits after Nov 8
 Income tax notices to religious, charitable trusts
 ICAI starts course on accounting technicians
 More trouble ahead as Tata Trusts get I-T summons for tax avoidance

Indirect tax collections touches Rs 2.07 lakh crore
December, 15th 2010

The indirect tax collection rose by 42.3 per cent to Rs 2.07 lakh crore during April-November this year as compared to corresponding period last year, indicating uptick in economic activities.

"Last year's collections of Rs 1.45 lakh crore during the same period constituted an achievement of 54.5 per cent of the overall target fixed for indirect tax collections for the year 2009-10," an official statement said.

In the current year, indirect tax collections during April-November constitute 66.3 per cent of the overall target of Rs 3.13 lakh crore fixed for 2010-11.

The indirect tax mainly constitutes customs, central excise and service tax.

The Indian economy is already on a recovery path, registering a GDP growth of 8.9 per cent in the first half of the current fiscal.

Similarly, the industrial output in October rose by 10.8 per cent on back of healthy performance of sectors such as automobile, electronic goods and power.

The IIP growth rate on the average stood at 10.3 per cent during the April-October period.

The revenue collections from customs have increased to Rs 86,844 crore during April-November 2010, which is 67 per cent higher than the previous year's collections of Rs 52,011 crore in the same period.

This constitutes an achievement of 75.5 per cent of the target of Rs 1.15 lakh crore for the whole year 2010-11, the statement said.

The mop up from central excise also rose to Rs 81,984 crore during the period April-November 2010, an increase of 34.4 per cent over the previous year's collection of Rs 61,020 crore during the same period.

"These constitute an achievement of 62.8 per cent of the target of Rs 1.30 lakh crore fixed for the current financial year 2010-11," the statement added.

As far as revenue collections from service tax for the period April-November 2010 is concerned, it stood at Rs 38,927 crore, an increase of 18.2 per cent over the previous year's collections of Rs 32,927 crore during the same period.

The service tax collections made in the first eight months of the current financial year constitute an achievement of 57.2 per cent of the overall target of Rs 68,000 crore fixed for the full financial year 2010-11, it added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

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