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: ACCOUNTING STANDARD :: empanelment :: form 3cd :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: VAT Audit :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: TDS :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company
 
 
« Indirect Tax »
 Grey areas remain for foreign investors on tax issues
 GST: New indirect tax regime to remove inter-state barriers, stimulate exports, says Nirmala Sitharaman
 Cabinet Approves 4 GST Supplementary Bills
 GST Council approves all five draft bills ahead of new indirect tax regime
 CAG questions income tax deparment’s ability to probe shell companies
 Income from MF investments must be shown in income tax returns
 Indirect tax higher than direct tax revenues in April-Feb
 Many foreign investors reach out to tax experts about indirect transfer of shares provisions
 How changes in capital gains norms impact your portfolio
 It's time to really pull up India's out-of-control banks
 Quest to widen direct tax net

Indirect Tax collection up 13.8 pc on April-June
July, 11th 2012

Indirect tax collections during the April-June period rose by 13.8 per cent to over Rs 1.07 lakh crore, much slower than the targeted 27 per cent growth for this fiscal.

"The overall indirect tax figure for April-June 2012 stood at Rs 1,07,959 crore, up 13.8 per cent from corresponding period last year," a senior finance ministry official told PTI.

"We will achieve this year's indirect tax collection target of Rs 5.05 lakh crore", he said.

The government has fixed indirect tax-- comprising customs, excise and service tax-- collection target at Rs 5.05 lakh crore for the current fiscal, an increase of about 27 per cent from 2011-12 target.

During the first quarter of the current fiscal, the collections on account of customs and excise duty stood at Rs 38,744 crore and Rs 41,147 crore respectively. Besides, service tax levy contributed Rs 28,068 crore to the central exchequer.

For the month of June, indirect tax collection grew by 14.8 per cent to Rs 37,748 crore. While collections from customs duty stood at Rs 13,284 crore, excise mop up during the month stood at Rs 13,849 crore. Besides, service tax collection was at Rs 10,615 crore.

The indirect tax mop-up in 2011-12 at Rs 3,92,781 crore was 99.6 per cent of the Budget Estimate.

The gross direct tax collections in the April-June period grew by 6.77 per cent to Rs 1.11 lakh crore, less than the targeted annual growth of 15 per cent.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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