Chidambaram reviews indirect taxes; revenue mobilisation top concern
January, 08th 2014
Revenue mobilisation has become the biggest priority at the North Block as the finance ministry goes full gear into budget preparation.
Finance minister P Chidambaram, who has repeatedly said the government will meet the fiscal deficit target , 4.8% of GDP in 2013-14, held one on one meeting with chief commissioners to review indirect tax collections.
Indirect taxes, which include customs duty, excise duty and service tax, have borne the direct brunt of economic slowdown with collections growing just 5% during April-November.
These first ever one-on-one review meetings have sent out a clear message that field officials should ensure that collections remain on course.