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 :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: VAT RATES :: VAT Audit :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: TDS :: ACCOUNTING STANDARDS :: due date for vat payment :: cpt
 
 
« Indirect Tax »
 GST may lead to better operating profit margin for multiplex operators
 Indirect taxes must equal direct taxes
  Income Tax dept issues notices to ‘farmers’ claiming suspect agricultural income
 GST would match or be lower than the multiple indirect taxes on real estate
 Tax incidence under GST lower than current indirect taxes
 Here's the complete list of pre-GST discounts being offered by companies
 Applicability of Explanation 2 to Section 132B of the I.T. Act, 1961- reg.
 Here’s all you need to know about TDS and why it is deducted
 New indirect tax regime
 Income tax rates, tax-free limit to stay unchanged
 Revised tax reform bill to benefit consumers

CBEC hopeful of meeting indirect tax targets
December, 06th 2011

The Central Board of Excise and Customs (CBEC) today expressed confidence over meeting the indirect tax collection target for 2011-12.

The 7.5 per cent GDP growth expected this year would be good enough to help achieve the target, the CBEC Chairman, Mr S.K. Goel, said.

I am an optimist. I am not worried. The Finance Minister has said that we are expecting 7.5 per cent GDP growth I think this should take care of our (indirect tax) targets, he told reporters on the sidelines of CII event here on Monday.

The Centre's indirect tax collections grew 18.5 per cent in April-October 2011 to Rs 2.21 lakh crore, which is about 55 per cent of the Budget target. The indirect tax collection target has been pegged at little over Rs 4 lakh crore for 2011-12.

The recent slowdown in economic growth had raised concern about likely fall in indirect tax collections. Indian economy grew 6.9 per cent in second quarter this fiscal, the slowest quarterly growth recorded in last two years.The Central Board of Excise and Customs (CBEC) today expressed confidence over meeting the indirect tax collection target for 2011-12.

The 7.5 per cent GDP growth expected this year would be good enough to help achieve the target, the CBEC Chairman, Mr S.K. Goel, said.

I am an optimist. I am not worried. The Finance Minister has said that we are expecting 7.5 per cent GDP growth I think this should take care of our (indirect tax) targets, he told reporters on the sidelines of CII event here on Monday.

The Centre's indirect tax collections grew 18.5 per cent in April-October 2011 to Rs 2.21 lakh crore, which is about 55 per cent of the Budget target. The indirect tax collection target has been pegged at little over Rs 4 lakh crore for 2011-12.

The recent slowdown in economic growth had raised concern about likely fall in indirect tax collections. Indian economy grew 6.9 per cent in second quarter this fiscal, the slowest quarterly growth recorded in last two years.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

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