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 RATES :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: ACCOUNTING STANDARD :: due date for vat payment :: VAT Audit :: empanelment :: cpt :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« Indirect Tax »
 Indirect tax collections rise by 23.1 per cent in November
 Government waives service tax charged while making payments through credit card, debit card, charge card or any other payment card; waiver limited to payments up to Rs. 2,000 in a single transaction
 Clarification Regarding Filing of Offline Challans with IEPF Authority under Companies Act
 Cash deposits in Jan Dhan accounts drop after govt warning: income tax dept
 Indirect tax receipts to see small, brief hit’
 There is no tax on interest income of up to Rs3 lakh a year for senior citizens
 Chidambaram favours change in direct tax rates
  Further rationalization of revised simplified procedure for fixation of brand rates
 Kerala to accept demonetised banknotes for payment of state tax till Nov 24
 Centre-state gridlock over GST jurisdiction remains, could threaten tax rollout
 India to levy tax on investments from Cyprus from April 2017

UPDATE 1-India indirect tax receipts up 11.5 pct in June qtr
July, 14th 2008

India's indirect tax receipts grew 11.5 percent during the April-June period from a year earlier to 543.41 billion rupees, the finance ministry said in a statement on Monday.

An analyst said moderation in factory output and duty cuts in the budget led to sluggish excise receipts growth while customs collections were boosted by higher imports especially that of crude oil CLc1.

Receipts from excise duty, levied at the factory gate, were up 2.8 percent at 258.82 billion rupees in the first three months of the 2008/09 fiscal year, the statement said.

In June, collections from excise duties grew by 5.9 percent to 98.89 billion rupees, it said.

"Industry has not done so well in the last few months. There were duty cuts in the budget on many items. This is showing up in the excise collections," said D.K Joshi, principal economist of rating agency Crisil.

Government data showed last week India's industrial output expanded by 3.8 percent in May, its slowest pace in six years, as monetary tightening by the central bank in the last two years crimped demand in Asia's third largest economy.

Customs duty receipts however rose 20.9 percent to 284.59 billion rupees in the June quarter, reflecting a robust growth in imports.

Earlier this month, government data showed India's imports were up 31.7 percent in the April-May period from a year earlier.  "High global oil prices and higher imports of other items contributed to a robust customs collections," said Crisil's Joshi.

"The overall tax collections will be on target this fiscal," Joshi said. (Reporting by Rajkumar Ray; Editing by Prem Udayabhanu)

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

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