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 :: list of goods taxed at 4% :: due date for vat payment :: TDS :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: cpt :: articles on VAT and GST in India :: empanelment :: VAT Audit
« News Headlines »
 ICAI to organise two-day international conference in Hyderabad
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers
 Finance ministry warns tax officials of action against GST protest
 Big changes for small units under GST
 Parliament’s winter session to begin on November 16 to expedite GST rollout
 Income-tax (27th Amendment) Rules, 2016 - 92/2016
 Announcement - Clarifications in Respect of MEF 2016-17

Indirect tax collections up by 22.4%
February, 13th 2007

The indirect tax collections, which include customs and excise duty besides service tax, have touched Rs 1,69,863 crore during April-December 2006, up 22.4 per cent from the year-ago period.

With buoyancy in corporate profits continuing and economy posting a growth of over 9 per cent, indirect tax collections are up by as much as Rs 31,064 crore during the first nine months' this fiscal compared to the corresponding period last fiscal.

According to a Finance Ministry statement, customs duty collections touched Rs 70,872 crore during April-January 2007 period, growing by 34.3 per cent as against Rs 52,768 crore during the corresponding period last fiscal.

In spite of cuts in customs duty in January on cement, steel, maize, edible oil and certain other items, collections were up by 37.1 per cent touching Rs 6,920 crore as against Rs 5,047 crore during the same month last year.

Growth in excise collections remained sluggish, which grew by merely 6 per cent during April-January 2007 period touching Rs 90,677 crore as against Rs 85,528 during the corresponding month last fiscal.

In January, growth in excise collections was further down to 3.9 per cent, to Rs 10,428 crore against Rs 10,037 during the same period last fiscal.

Service tax collections have, however, shown a surprising growth of 64.6 per cent till December 2006, touching Rs 25,662 crore as against Rs 15,587 crore during the corresponding period last fiscal.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Contact Us

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