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: list of goods taxed at 4% :: articles on VAT and GST in India :: TDS :: VAT RATES :: due date for vat payment :: cpt :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: empanelment :: ACCOUNTING STANDARD :: form 3cd :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« Service Tax »
 Credit Note And Debit Note Under Gst
 Demonetisation hits service tax, excise duty collection
 GST on a knife-edge as states act tough
 Parliament Winter Session: Govt keen on proper discussion on GST Bills
 Service Tax revision to make digital content expensive: Here’s how it will impact you
 GST Council may reduce tax slabs in future: CBEC chief
 Govt to waive service tax on card transactions up to Rs 2,000
 Recovery Of Tax Under Model Gst Law
 Income Tax officials hunt for Mumbai’s ‘ghost’ assessee
 GST delay to impact Budget
 If GST not rolled out by Sept, there won't be taxation in country, warns Jaitley

Indirect taxes grow 16.1% buoyed by service tax
January, 11th 2012

Indirect tax collections have grown by 16.1 per cent to Rs 2,85,787 crore during the April-December period largely accounted for by a robust growth in service tax.

In December, the indirect tax mop up was up 15.9 per cent at Rs 34,819 crore as against Rs 30,054 crore during the same period last year. The indirect taxes Central Excise, Customs duty and service tax mop-up stood at Rs 2,46,168 crore during the April-December period in 2010-11.

We hope we will be able to meet the Budget Estimates of Rs 3,92,908 crore this fiscal, S K Goel, chairman, Central Board of Excise and Customs (CBEC), said while releasing the figures. The total collection in the nine months is 72.7 per cent of the Budget Estimates for 2011-12.

The collection in December reflects the improvement in the core sector industries, which grew by 6.8 per cent in November.

In addition, collection from excise duty was up 9.7 per cent at Rs 12,546 crore in December. Excise collection was down 6.5 per cent in November. Customs collection was up 4.1 per cent at Rs 12,608 crore in December as against Rs 12,109 crore during the same period in the last fiscal. Both excise and customs collections have increased despite the Rs 36,000 crore revenue foregone on account of duty and excise cuts on petroleum products in June.

Goel said that growth in service tax collection was up 48.6 per cent in December to Rs 9,665 crore from the year ago period.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 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