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: Central Excise rule to resale the machines to a new company :: empanelment :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: list of goods taxed at 4% :: form 3cd :: ACCOUNTING STANDARD :: due date for vat payment :: VAT Audit :: articles on VAT and GST in India :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS
 
 
« Indirect Tax »
 Central indirect tax officers seek redressal of flaws in GST’s final design
 How it affects long-term capital gains tax calculations
 Should you opt for 'consultant' status to lower tax outgo?
 Income Tax department to issue ‘non-statutory’ letters in case of no reply
 E-commerce majors seek removal of tax at source on sellers
 New direct tax regime would benefit state
 Indirect tax collections increase by 16.9 per cent in January
 Tax officers to file self-appraisal report on e-assessment
 How are you saving tax this season? 10 funds saved tax & delivered 30% returns too
 Increase in taxpayer base will help bring down tax rate, says Arun Jaitley
 There is inconsistency in filing income tax, says CBDT Chairman

Indirect tax collection up 16.8% at Rs 2.92L cr in Apr-Nov
December, 20th 2012

Indirect tax collection grew at a moderate rate of 16.8 per cent to Rs 2.92 lakh crore in the April-November period as against the annual growth target of 27 per cent. In the first eight months of the previous financial year, collection of indirect taxes comprising excise, customs and services tax, was Rs 2.50 lakh crore, sources in the Finance Ministry said.

While excise has yielded Rs 1,08,470 crore during April-November 2012, collection from customs and services tax worked out to be about Rs 1,04,864 crore and Rs 78,774 crore, respectively. The government in the current fiscal had proposed to collect from customs, excise and services tax Rs 5.05 lakh crore, an increase of 27 per cent over realisation in the previous fiscal.

The target for customs collection for 2012-13 was fixed at Rs 1.87 lakh crore, for excise Rs 1.93 lakh crore and for service tax Rs 1.24 lakh crore. Earlier this week, the government had said it would be difficult to achieve the corporate tax, customs and excise mop-up target as projected in the Budget because of subdued corporate profits.

"On the tax revenue side, the trend growth in the mid-year is lower than estimated... The reason for under achieving target is due to macroeconomic environment being under stress," Chief Economic Adviser Raghuram Rajan had said. During November, indirect tax collection rose by 17.2 per cent to Rs 36,081 crore as compared to Rs 30,790 crore. The government realised Rs 13,012 crore from customs, Rs 13,760 crore from excise and Rs 9,309 crore from service tax.

The revenue realisation comes in the backdrop of 8.5 per cent growth in industrial output during October against contraction of 5 per cent in the same month last year.

 

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

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