Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: form 3cd :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: empanelment :: cpt :: articles on VAT and GST in India
Indirect Tax »
 All education loans do not get income tax benefits
 FM Arun Jaitley to focus on direct and indirect taxes
 Income Tax For Individuals – Assessment Year 2019–20
 States set separate dates to implement e-way bill
 What are direct and indirect taxes?
 Indirect transfer conundrum continues
 We expect significant changes in income tax slabs, say taxpayers
 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

Indirect taxes to increase further this year
July, 13th 2008

The Government's indirect taxes collection is likely to swell further this year on account of good collection in Customs and Service taxes, a top government official said.

"Indirect taxes collection in the first three months of the year has been very good, both on account of customs and service tax. Based on the trends, we expect the remaining part of the year to fetch us an equally good revenue," CBCE Chairman, P C Jha, said here on Sunday.

The runaway double-digit inflation notwithstanding, India's growth story will continue as long as foreign capital flowed-in but policy makers cannot be lax in taking measures to contain prices, a senior banker said.

"As long as investments happen in India, the economy will continue to perform...every measures have to be taken by the authorities to contain inflation," State-run, Bank of India's Chairman and Managing Director, T S Narayanasami, told the bank's Annual General Meeting.

The inflationary pressures, primarily an outcome of the record crude oil and commodity prices, had forced the Reserve Bank to effect a series of hikes in its key-rates in the recent weeks.

The apex bank hiked its short-term repo rate at which it lends to banks and Cash Reserve Ratio (CRR), the percentage of money that banks are mandated to keep with the central bank.

Following the hike, the CRR and repo rate presently stands at 8.75 per cent and 8.5 per cent respectively.

Many lenders had hiked the lending rates in order to protect their falling margins, mainly due to a slowing consumer demand for credit.

"Inflation is a global phenomena...the result of the global slowdown may marginally impact India's growth rate in the current year as compared to past few years...," Narayanasami, who is also the Chairman of Indian Banks Association, said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

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