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
« Indirect Tax »
 CBDT notifies new I-T return forms
 Here are the key changes in tax rules to come into effect from today
 GST revenue growth in 2018-19 to match last 10 years’ indirect tax growth, says SBI report
 Things You Should Know Before Filing Your Income Tax Returns (ITR)
 All education loans do not get income tax benefits
 FM Arun Jaitley to focus on direct and indirect taxes
 Income Tax For Individuals – Assessment Year 2019–20
 States set separate dates to implement e-way bill
 What are direct and indirect taxes?
 Indirect transfer conundrum continues
 We expect significant changes in income tax slabs, say taxpayers

Govt raises indirect tax collection target by 7 pc for this fiscal
January, 28th 2011

Boosted by higher revenue mop-up during April-December 2010-11, the Government today said it has upped indirect tax collection estimates by 7 per cent for this fiscal, from the Budget target of Rs 3.15 lakh crore.

The decision comes on the heels of Revenue Secretary Sunil Mitra saying earlier this week that the direct tax collection target has been raised from Rs 4.30 lakh crore to Rs 4.46 lakh crore for the current fiscal.

"The revised estimate for tax (indirect) collection has been increased by seven per cent," Central Board of Excise and Customs (CBEC) Chairman S Dutt Majumder told reporters on the sidelines of International Customs Day function here.

In the Budget 2010-11, the government targeted a collection of Rs 3.15 lakh crore through indirect taxes -- from customs, excise and service tax.

Customs duty collection has increased by about 68 per cent during April-December 2010-11 from the corresponding period last fiscal. Similarly, the year-on-year growth in excise duty and service tax collections increased by 33 per cent and 18 per cent, respectively.

Majumder said the Centre was actively engaged with state governments for implementing the Goods and Services Tax (GST), which will replace the existing indirect taxes regime.

GST would further improve tax collection, he said. CBEC is upgrading its IT infrastructure on various ports and taking steps to bring down transaction costs.

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

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