Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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: due date for vat payment :: VAT RATES :: empanelment :: VAT Audit :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: cpt :: list of goods taxed at 4% :: TDS :: TAX RATES - GOODS TAXABLE @ 4%
 
 
Service Tax »
 GST Return Filing: How to handle discounts and additional cost
 GST base looks set to be at least 25% wider than earlier tax regime
 Businesses struggle with multiple tax rates, returns
 Common use items exempt from e-way bill provision under GST
 Goods And Services Tax Sends Taxes Racing
 How GST lesson can unleash untapped potential of education sector in India
 Services sector PMI falls most in 4 years on GST
 Missing column in GSTR 3B form leaves input claims a shaky edifice
  Communication to the Central Excise/Service Tax Taxpayers on migration to GST
 GST not easy to implement but tax base expansion will benefit all
 Goods and Services Tax was not an easy reform to implement

Tax collections, notably in services, encouraging: Mukherjee
July, 28th 2011

Amid concerns thatIndia may not be able to meet its fiscal deficit target for this fiscal, Finance MinisterPranab Mukherjee Wednesday said tax collections, especially from services, were encouraging.

Starting his press conference here with the proverb: "When going gets tough, the tough get going", the finance minister said the growth in direct tax mop-up in the first quarter was 26 percent and from indirect taxes it was higher at 30 percent.

"There is all-round revenue buoyancy," Mukherjee said, adding: "An important point to be recognised is that service tax growth is encouraging and I welcome this because services have been contributing substantially to the overall gross domestic product."

In its monetary policy update Tuesday, the Reserve Bank of India (RBI)) had said the the federal government's revenue and fiscal deficit in the first two months of 2011-12 were higher than the levels in the corresponding period of the previous year.

Stating that this reflected both lower revenue receipt and higher expenditure, the apex bank said up to July 18, the federal government had also completed 34 percent of its net market borrowing programme, against 37 percent in the like period of last year.

"The central government has budgeted a fiscal deficit of 4.6 percent of gross domestic product for 2011-12. Subsequent developments have made the achievement of this target much more of a challenge."

Mukherjee, nevertheless, said India has been able to bring down its fiscal deficit from 6 in percent of the gross domestic product in 2008-09 to 4.7 percent in 2010-11, after a step up to 6.6 percent in 2009-10.

"Therefore, the process of fiscal consolidation, which we thought absolutely necessary to maintain fiscal discipline and also to have growth on a sustainable basis is on," the finance minister added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

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