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 :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: empanelment :: VAT RATES :: articles on VAT and GST in India :: cpt :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD
 
 
« Indirect Tax »
 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
 Central indirect tax officers seek redressal of flaws in GST’s final design
 How it affects long-term capital gains tax calculations

India's Q1 indirect tax collection rises
August, 02nd 2010

Indirect tax collection in the country, including customs, central excise and service tax, rose over 53 per cent to Rs68,462 crore in the first quarter of the current fiscal (April-June 2010-11) against Rs44,692 crore in the April-June 2009-10 quarter.

Indirect tax mop-up in the April-June 2009-10 quarter had fallen 29.3 per cent to Rs44,692 crore from Rs63,252 crore in the same quarter of the previous fiscal, official data showed.

Of the total indirect tax mop-up during the first quarter of the current financial year, customs contributed Rs30,288 crore, central excise Rs27,773 crore and service tax Rs10,401 crore, according to provisional figures available at field formations and office of controller of accounts.

The government is regularly monitoring revenue collection and undertaking analysis of the causal factors at national, zonal and commissionerate levels and is also strengthening audit and anti-evasion measures to increase the level of tax compliance, minister of state for finance S S Palanimanickam informed the Lok Sabha in a written reply on Friday.

Total tax receipts, including direct taxes, during the first quarter of the current year were Rs83,994 crore while total expenditure stood at Rs2,42,208 crore during the quarter.

The minister also informed the house that during the curreny fiscal the government also recovered Rs9,748 core of last fiscal's total outstanding tax demand of Rs75,509 crore against companies. The balance demand includes demand locked-up in appeals before CITs (appeal), ITATs, high courts and the Supreme Court, he added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Integrated Software Solutions Integrated Software Development Integrated Software Services Integrated Software Solutions India Integrated Softw

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