Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Indirect Tax »
Open DEMAT Account in 24 hrs
 When will ITR1 forms become available for tax filing. Check details
 How to reduce tax on rent from vacant houses
 Make sure to claim these tax deductions
 Investment tips for those opting for new tax regime
 Indirect tax dept issues notices to companies over late input credit claim under GST frame
 E-generated document required for indirect tax notices
 FinMin seeks industry inputs on direct, indirect tax changes
 Govt gives businesses four months to settle indirect tax disputes
 ITR filing becomes easy via new 'e-Filing Lite' portal - 5 things to know Income Tax Return
 No income tax on interest from accident compensation: High Court
 How much tax do you need to pay for your equity investments?

Indirect tax collection at Rs 4.41 lakh crore in April-February
March, 27th 2014

Indirect tax collections grew by 5.6 per cent to Rs 4,41,826 crore in the April-February period of this fiscal amid a slowing economy.

Total collection of indirect taxes — excise, customs and service tax — in February rose by 5 per cent to Rs 43,794 crore, against Rs 41,714 crore in the same month last fiscal, official sources said.

Service tax collection grew 15.4 per cent to Rs 12,181 crore in the last month, against Rs 10,556 crore in the year-ago period.

Customs mop-up stood at Rs 15,109 crore, while Central Excise collection was at Rs 16,504 crore in the month.

Total collection of indirect taxes stood at Rs 4,18,286 crore during April-February 2012-13.

Excise collection dropped by 3.8 per cent to Rs 1,49,711 crore during April-February FY14, against Rs 1,55,570 crore in the same period last fiscal year, reflecting a slump in manufacturing activity, the sources said.

Service tax collection, which has become a new focus area for revenue department, grew by 18.2 per cent to Rs 1,34,171 crore in April-February FY14, against Rs 1,13,505 crore in the same period last fiscal.

Customs duty contributed Rs 1,49,211 crore during the period, sources said.

The Government has set a revised indirect tax collection target of Rs 5.19 lakh crore for 2013-14.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting