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: form 3cd :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: cpt :: empanelment :: Central Excise rule to resale the machines to a new company :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: TDS
 
 
« Service Tax »
 Cabinet clears 4 Bills, GST likely to roll out by July 1
 GST may also impact income tax collections: Experts
 Companies, consultants grope in the dark to meet GST deadline
 Cabinet approves GST, e-commerce cos to pay up to 1% tax
 Cabinet approves supporting GST legislations ahead of 1 July roll-out
 GST: Centralized assessment for service-oriented industries likely
 Tax department to calculate GST’s impact on inflation
 Entrepreneurs are all set to give a red carpet welcome to GST
 GST success depends on preparedness of businesses
 GST few steps away from becoming reality, but what’s in it for Dalal Street?
 Input tax credit - Matching / Mismatching Concept in Present Tax Laws vis-à-vis GST Laws

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