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 :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: ACCOUNTING STANDARD :: cpt :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: empanelment :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: VAT Audit :: list of goods taxed at 4%
Customs and Excise »
 IGST on high-seas sale of imports is levied only during customs clearance
 Central Excise Rules, 2017 – Part II
 Central Excise Rules, 2017 – Part I
 Allocate the charges amongst the Members of the Central Board of Excise and Customs
  Constitution of Review Committees of the Chief Commissioners of Central Excise and Service Tax-Regd.
 4 new members appointed in Central Board of Excise and Customs
 Constitution of Review Committees of the Chief Commissioners of Central Excise and Service Tax-Regd.
 Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017
 Central Board of Excise and Customs to soon notify new procedural framework
 CBEC set to be Central Board of Indirect Taxes and Customs
 Govt to give customs, excise duty benefits to boost solar rooftop sector

Service tax to outstrip excise, customs kitty
July, 11th 2014

In a first, service tax collection is projected to exceed customs and excise duties. The projected service tax collection for 2014-15 is Rs 2,15,973 crore compared to customs duty collection of Rs 2,01,819 crore and central excise of Rs 2,06,356 crore.

In the previous year (2013-14), service tax collection was Rs 1,64,927 crore against customs duty collection of Rs 1,75,056 crore and central excise of Rs 1,79,537 crore, as per revised estimates. The rate of service tax was increased from 10% to 12% from April 1, 2012. The same year, from July, the government implemented a negative list where services specified in the list were kept outside the tax net.

The projected increase of over Rs 51,000 crore in service tax in this fiscal has been on account of further pruning of the negative list, bringing more services into the tax net. Out of the government's proposed gross tax revenue of Rs 13,64,524 crore for the current fiscal, the total collection from indirect taxes has been estimated at Rs 6,24,902 crore. "To broaden the base in service tax, it is necessary to prune the negative list and exemptions to the extent possible. Accordingly, the negative list has been reviewed," FM Arun Jaitley said. The new levies will come into effect from a date to be notified after the Finance Bill is passed.

The FM has extended 24x7 customs clearance facility to 13 more airports in respect of all export goods and to 14 more sea ports in respect of specified import and export goods for faster clearance of cargo and reduction of transaction costs.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 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