Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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
 
 
 
 
Popular Search: cpt :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: VAT RATES :: form 3cd :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: VAT Audit :: ACCOUNTING STANDARDS
 
 
« Indirect Tax »
 Indirect taxes collection could fall short of target due to GST
 Indirect Tax Collection Under Gst Goes Down By 30 Percent
 What is a belated income tax return and what are its consequences
 Why rejig of financial year could upset your tax planning
 The threat of harsh penalty should not impede tax compliance
 What are the tax exemption limits for allowances, reimbursements paid to employees? Find out
 High-income taxpayers to get priority treatment and extra facilities
 GST input tax credit rules: How taxpayers will benefit from ITC
 More complications in filing income tax returns
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018
 CBDT asks Income Tax officials to pull their socks up as revenue collection not satisfactory

45 Per Cent Growth in States Indirect Taxes
March, 17th 2016

Collection of indirect taxes including Central Excise, Customs and Service Tax in Odisha has posted a 45 per cent growth upto February, 2016 over the corresponding period of 2014-15 fiscal.

Given a target of Rs 11,420 crore for the current fiscal, revenue realisation across Excise, Customs and Service Tax has been to the tune of Rs 10,695 crore as on February 29, 2016. During the corresponding period of last fiscal, collection was around Rs 7,351 crore. The collection would surpass the target by the end of March or close of the current financial year, Commissioner Deep Sekhar said on Tuesday.

Central Excise collections have touched Rs 6,454 crore by February-end against a target of Rs 6,800 crore for the fiscal. The collections have surpassed the corresponding period of last year’s figures by Rs 2,250 crore posting a growth of 54 per cent.

In terms of Customs, there has been a 46 per cent growth over the corresponding period of last year upto February-end with collections reaching Rs 2,259 crore against a target of Rs 2,300 crore. Revenue realisation has been Rs 715 crore higher than last year.

Service Tax collections have also seen an upsurge, surpassing last February collections by Rs 379 crore at 24 per cent growth. Against a target of Rs 2,320 crore for 2015-16 fiscal, collections have touched Rs 1,982 by February-end.

In the face of nationwide strike by jewellers against imposition of excise duty on gold ornaments, the Department sought to allay fear of harassment of the merchants and manufacturers owing to the levy. There would be zero interface with Department officers. Central Excise officers have been directed not to visit the premises of any jewellery manufacturer. All procedures from application of registration, payment of duty and filing of returns will be online, Commissioner SG Dewalwar said.

“The move will facilitate easy transition to the GST regime which is expected to materialise soon. There will be absolutely no harassment and it will work on voluntary compliance by the jewellers,” he said.

However, the All India Gems and Jewellery Trade Federation has stuck to its demand for rollback of the levy. “We have demanded increase in other taxes like import duty and withdrawal of excise levy and it continues,” Federation founding member Mitesh Khimji said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

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