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: ACCOUNTING STANDARD :: VAT Audit :: TDS :: list of goods taxed at 4% :: cpt :: due date for vat payment :: ACCOUNTING STANDARDS :: empanelment :: VAT RATES :: 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 :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
Indirect Tax »
 Indirect taxes collection could fall short of target due to GST
 Indirect Tax Collection Under Gst Goes Down By 30 Percent
 What is a belated income tax return and what are its consequences
 Why rejig of financial year could upset your tax planning
 The threat of harsh penalty should not impede tax compliance
 What are the tax exemption limits for allowances, reimbursements paid to employees? Find out
 High-income taxpayers to get priority treatment and extra facilities
 GST input tax credit rules: How taxpayers will benefit from ITC
 More complications in filing income tax returns
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018
 CBDT asks Income Tax officials to pull their socks up as revenue collection not satisfactory

Indirect tax collections surge for 4th straight month in July
August, 12th 2015

India's indirect taxes collections continued to grow at a rapid pace for the fourth consecutive month in July, adding to evidence that economic recovery may be accelerating.

Indirect taxes, which include excise duty levied at factory gate, customs duty and service tax grew 39.1% in July and 37% in April-July, according to data released by the finance ministry on Tuesday.

These levies are seen as a key barometer of production, consumption and demand in the economy.

The growth holds even after adjusting for increase in duties on fuel and withdrawal of tax incentives for automobiles. Car sales increased 17.47% in July, highest in three months and marking the ninth consecutive month of domestic sales growth, providing evidence of improvement in consumer sentiment. Indirect tax collections in July are pegged at Rs 56,739 crore while April-July collections stood at Rs 2.1 lakh crore. India's industrial production expanded 2.7% in May but analysts expect better numbers for the next month.

The data for June will be released on Wednesday.

India's economy expanded 7.3% in 2014-15 and 7.5% in the January-March quarter. The government hopes to end the current fiscal with near 8% growth. While the pace in the first quarter appears to have been muted, early data for July suggests a stronger second quarter.

Nikkei Purchasing Managers' Index (PMI) rose to 52.7 in July from June's 51.3, a six-month high while the PMI for services bounced back into positive zone after two months of contraction. During April-July, the excise collections jumped 75.4% to Rs 83,454 crore. Revenues from service tax rose 20.1 % to Rs 60,925 crore and that from customs duty 21% to Rs 66,076 crore. In July the central excise collections jumped 64.8% to Rs 22,273 crore, compared to the yearago figure; customs duty rose 23.2% to Rs 18,996 crore while service tax revenues were up 30.3% to Rs 15,470 crore, according to the data.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

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