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: TDS :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: VAT RATES :: ACCOUNTING STANDARD :: empanelment :: articles on VAT and GST in India :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ACCOUNTING STANDARDS :: list of goods taxed at 4%
 
 
« Indirect Tax »
 Income-tax (16th Amendment) Rules, 2017
 TDS, TCS deferred for smooth GST rollout
 GST may lead to better operating profit margin for multiplex operators
 Indirect taxes must equal direct taxes
  Income Tax dept issues notices to ‘farmers’ claiming suspect agricultural income
 GST would match or be lower than the multiple indirect taxes on real estate
 Tax incidence under GST lower than current indirect taxes
 Here's the complete list of pre-GST discounts being offered by companies
 Applicability of Explanation 2 to Section 132B of the I.T. Act, 1961- reg.
 Here’s all you need to know about TDS and why it is deducted
 New indirect tax regime

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