Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: form 3cd :: articles on VAT and GST in India :: empanelment :: VAT Audit :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: VAT RATES :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« Service Tax »
  GST not to be added for TDS computation
 Getting it wrong on GST
 GST: When does a service provider need to register across multiple states?
 GST Council to examine sectoral issues in August 5 meet
 Number of taxpayers under GST set to eclipse that of previous tax regime
 Goods and Services Tax will accelerate growth,
  Central Goods and Services Tax (CGST) Rules, 2017
 Goods bought with loyalty points will face tax under GST
 substitution of Service Tax by Goods and Services Tax (GST)
 Income Tax: TDS deducted but ITR not filed? Here's what professionals need to do
 9 ways GST could impact home buyers

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 2017 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