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: cpt :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: TDS :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: VAT Audit :: Central Excise rule to resale the machines to a new company :: form 3cd :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: VAT RATES
 
 
« Latest Circulars »
 Regulatory requirements for issue of Pre-paid Payment Instruments by Co-operative Banks
 Applications invited for the Post of Deputy Governor, Reserve Bank of India
 Auction of Government of India Dated Securities May 22, 2017
  Direct Recruitment of ‘Chief Financial Officer’ in the rank of Executive Director in Reserve Bank of India
 A Call for Enterprise in Economic Data Generation and Information Analytics - Dr. Viral V Acharya, Deputy Governor - May 19, 2017 - Presentation at the 9th Indian Chamber of Commerce Banking Summit, Kolkata
 Reserve Bank of India Outlines the action plan to implement the Banking Regulation (Amendment) Ordinance, 2017
 RBI to conduct 7 day, 14 day and 28 day Variable Rate Reverse Repo Auctions under LAF on May 18, 2017
 RBI to conduct 7 day, 14 day and 28 day Variable rate Reverse Repo auctions under LAF on May 17, 2017
 RBI-Direct Recruitment of ‘Chief Financial Officer’ in the rank of Executive Director in Reserve Bank of India
 Auction of Government of India Dated Securities May 15, 2017
 Direct Recruitment of ‘Chief Financial Officer’ in the rank of Executive Director in Reserve Bank of India

INDIRECT TAX COLLECTIONS DURING MAY 2012 ARE UP BY 16.1% AS COMPARED TO MAY 2011
June, 12th 2012
                            PRESS INFORMATION BUREAU
                              GOVERNMENT OF INDIA
                                       *****

    INDIRECT TAX COLLECTIONS DURING MAY 2012 ARE UP BY 16.1% AS
                      COMPARED TO MAY 2011


                                                             New Delhi: Jyaistha 21, 1934
                                                                           June 11, 2012




       The revenue collections from Indirect Taxes--Customs duty, Central Excise duty and
Service Tax for the month of May, 2012 and up-to the month of May, 2012 are given in the tabular
format as below:
                                                                              Rs. in crore

                        For May                       April-May
                  2011-     2012-13                2011-    2012-            %             %
                                          %
                  12                               12       13           Cumulativ      Growth
                                       Growth
                                                                         e Growth        after
       Head                              over
                                                                            over        adjustm
                                       previous
                                                                          previous       ent in
                                         year
                                                                            year        May'12
                                                                                           **

      Customs      13,461     13,866       3.0%     26,175      25,460       (-) 2.7%       16.9%


      Central                                                                               29.6%
                   12,640     14,693      16.2%     23,338      27,298        17.0%
       Excise


      Service       5,918      8,607      45.4%     12,442      17,453        40.3%         45.4%
       Tax

       Total       32,019     37,166     16.1%      61,955      70,211        13.3%      27.6%


                 The percentage of growth in revenue during May, 2012, after adjustment for deep
 cuts in duty rate on petroleum and petroleum products made effective from 25th June, 2011,
 reflects the overall growth of 27.6% over the revenue collection during May, 2011.

         The overall growth in indirect tax revenue collection during the month of May, 2012 is
 about 16.1% which is 5.7% higher than last month's position. Further, the progressive growth of
 indirect taxes during April-May of current financial year 2012-13 is 13.3%, and in terms actual
 amount is Rs. 8256 crore higher than the corresponding period of last financial year.
       The growth in Central Excise revenue for May, 2012 is 16.2% and the overall growth in
Central Excise Revenue up to May, 2012 is 17%. The Service Tax revenue continues to be
buoyant and has shown 45.4% growth during May, 2012. The Customs growth is at 3.0% during
the month of May, 2012, though the growth in April, 2012 was negative.


                                         ***

DSM/GN



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

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