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: ACCOUNTING STANDARD :: list of goods taxed at 4% :: VAT Audit :: form 3cd :: due date for vat payment :: empanelment :: cpt :: ACCOUNTING STANDARDS :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
Indirect Tax »
 CBEC rechristened Central Board of Indirect Taxes and Customs
 Income tax department to challenge ITAT relief to Cairn Energy in HC
 5 crucial ways how doing business will be different under GST
 What is the lowdown on the Goods and Services Tax
 Ineligible Input Tax Credit Under Gst Regime
 What is GST, how is it different from now: Decoding the indirect tax regime
 Indirect tax collection can fall short of FY’17 target
 GST in last lap: What's in it for businesses, firms and most importantly, you?
 Indirect tax collection: All you want to know about stuck cases and rejected appeals
 Government achieves revised tax collection target
 Keep indirect taxes 'low, affordable' under GST

Indirect tax collections touches Rs 2,79,000 cr
May, 31st 2008

Government has surpassed the revised indirect tax collections targets for 2007-08 as the revenues from customs, excise and service tax touched about Rs 2,79,000 crore.

The Centre has already achieved the direct tax collections of about Rs 3,12,000 crore for 2007-08, surpassing the revised target of about Rs 3,05,000 crore, and the total tax collections stood at around Rs 5,91,000 crore for the fiscal.

"We have crossed the revised estimates of about 2,79,000 crore indirect tax collections for 2007-08," Central Board of Excise and Customs Chairman P C Jha told reporters here.

Total indirect tax collections included customs collections of around Rs 1,04,000 crore, excise collections of around 1,25,000 crore and service tax amounting to over Rs 50,000 crore as on March 31, 2008, he said.

Referring to the budget estimates of about Rs 3,22,000 crore indirect tax collection for 2008-09, Jha said, "We are hopeful to achieve the target considering the continuing high growth of the economy."

He said final figures of service tax collections are still to come as data for about 5.5 lakh tax payers is being collected but the targets have been achieved. It is despite cut in excise duty from 16 to 14 per cent in the Budget 2008-09, and reduction in customs duty on various item after the Budget.

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

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