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
News Headlines »
 Deadline for filing income tax returns extended to 31 August
 How to file Income Tax Returns for business? ITR filing
 How to file Income Tax Returns for salaried employees? ITR filing
 Income tax return (ITR) filing for AY 2019-20: A step-by-step guide
 5 things you should know about section 80DDB deductions ITR filing
 All About e-Filing Income Tax Return in India ITR Filing
 Good News! Income tax return filing process simplified; Big relief in LTCG from CBDT
 How to report pension income while filing ITR
 How you can file income tax return online DIY guide to ITR filing
 How to file ITR-1 online
 How to file ITR-1 online

Slowdown in tax collection
January, 28th 2009

The BJD-BJP government which boasts of having introduced several schemes from the states own resources is faced with a slowdown in tax collections as it prepares for a pre-election populist vote-on-account during the second week of next month.

Reliable sources here said the meltdown has hit the industrial sector in a big way across the state resulting in slow and low tax collections since the third quarter of 2008-09 fiscal.

Finance minister, Mr Prafulla Chandra Ghadei admitted that the global meltdown has impacted the economy of the state.
Against a target of mopping up Rs 5099.98 crore for the year 2008-09, the collection is Rs 3646.75 crore by 31 December, 2008. The VAT collection is Rs 2745.91 crore and central sales tax collection Rs 397.80 crore.

The total collection during December was Rs 407.57 crore which showed a drop over the collections during the December 2007.

The over all tax collections did show a growth but the December figures reflect a decline and this has worried the finance department here. n sns

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Customer relationship management software CRM software Operational CRM Collaborative CRM

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