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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Service Tax »
 12 ways to avoid paying more for bank services
 I-T return filing: Income Tax offices, Ayakar Seva Kendras to remain open from March 29-31
 Top 5 money matters you must settle before March 31 From income tax returns to LTCG,
 Steep fines for missing March 31 income tax deadline
 CBEC clears some air on refunds under GST, central excise, service tax laws
 3 key tax changes for senior citizens which will come into effect from April 1, 2018
 Income tax returns (ITR) filing: Not filed returns for 2 years? Beware! Deadline nearing
 All you want to know about HRA: When you can claim and how it is calculated?
 Income Tax Saving: 6 ways to save tax without investing before March 31 tax deadline
 Unnable to file your tax return? Take help of these portals
 Do you know which 80C instruments can help you save tax and carry no future tax liability?

Non-tax revenue mobilisation unsatisfactory
December, 10th 2012

Inland Revenue Department (IRD) has said that the collection of non-tax revenue is not satisfactory for the first four months of the current fiscal year.

The revenue mobilisation figure under education service tax, service tax and rental tax has failed to meet expected numbers, said director general at the department Tanka Mani Sharma, adding that the department will put in more effort in improving revenue collection figures in these sectors.

There is an administrative problem with the revenue administration, he said. Similarly, taxpayer education will also play a vital role in increasing revenue mobilisation.

IRD has been able to collected revenues according to target, he said. But low non-tax revenue mobilisation is of serious concern. Sharma vowed to expand taxpayer education to enhance self compliance which will subsequently increase revenue mobilisation. The department will open more taxpayer service offices and make the already established offices more effective in the coming days, he added.

In the last one decade non-tax revenues contribution to the total gross domestic production (GDP) stands between 2.14 per cent to 2.69 per cent, whereas contribution of total revenue to the total GDP stands at over 16 per cent.

However, non-tax revenues average contribution to the total revenue comes between 16 per cent and 22 per cent contributing to less than a quarter.

For a strong revenue administration its a challenge as contribution of non-tax revenue should be more in the total revenue.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

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