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
« Indirect Tax »
 CBDT notifies new I-T return forms
 Here are the key changes in tax rules to come into effect from today
 GST revenue growth in 2018-19 to match last 10 years’ indirect tax growth, says SBI report
 Things You Should Know Before Filing Your Income Tax Returns (ITR)
 All education loans do not get income tax benefits
 FM Arun Jaitley to focus on direct and indirect taxes
 Income Tax For Individuals – Assessment Year 2019–20
 States set separate dates to implement e-way bill
 What are direct and indirect taxes?
 Indirect transfer conundrum continues
 We expect significant changes in income tax slabs, say taxpayers

Indirect tax collections rise by 20% to Rs 4.17 tn in Apr-Feb
March, 14th 2013

Indirect tax collections has registered growth of 20 per cent to Rs 4.17 lakh crore in April-February period of the ongoing fiscal.

The Budget targetted 27 per cent growth in the indirect tax collections in 2012-13 financial year.

The excise duty collection during April-February period totalled Rs 1.54 lakh crore, while customs duty mop up was at Rs 1.5 lakh crore, according to sources in the tax department.

The service tax collection was Rs 1.13 lakh crore during the period.

The government had fixed the target of indirect tax collection, comprising customs, excise and service tax, at Rs 5.05 lakh crore for the current fiscal, an increase of about 27 per cent from 2011-12 target.

In February, the indirect tax collection was Rs 41,000 crore.

Meanwhile, macroeconomic data has shown initial signs of recovery.

After declining for two months in a row, industrial output in January grew by 2.4 per cent. As per the IIP data, the industrial production has recorded an increase of 1 per cent during the 10-month period (April-January 2012-13), down from 3.4 per cent in the same period of 2011-12.

RBI is scheduled to announce its mid-quarter review of monetary policy on March 19 and there is widespread expectation that the central bank will cut policy rates to boost growth prospects.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

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