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
« Service Tax »
 I-T return filing: Income Tax offices, Ayakar Seva Kendras to remain open from March 29-31
 Top 5 money matters you must settle before March 31 From income tax returns to LTCG,
 Steep fines for missing March 31 income tax deadline
 CBEC clears some air on refunds under GST, central excise, service tax laws
 3 key tax changes for senior citizens which will come into effect from April 1, 2018
 Income tax returns (ITR) filing: Not filed returns for 2 years? Beware! Deadline nearing
 All you want to know about HRA: When you can claim and how it is calculated?
 Income Tax Saving: 6 ways to save tax without investing before March 31 tax deadline
 Unnable to file your tax return? Take help of these portals
 Do you know which 80C instruments can help you save tax and carry no future tax liability?
 E-way relief, for now, to e-commerce, courier firms sending small orders

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 2018 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