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: list of goods taxed at 4% :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: TDS :: empanelment :: form 3cd :: articles on VAT and GST in India :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: VAT RATES
 
 
« Indirect Tax »
 Indirect tax wing rejigged ahead of GST launch
 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

Indirect tax collection up 30 per cent in June quarter against last financial year
August, 17th 2016

The tax department is hopeful of meeting the revenue collection target for FY 2016-17, a top official said on August 16. Indirect tax collection rose by about 30.8 per cent during April-June to Rs 1,99,970 crore, from Rs 1,52,740 crore collected in the year-ago period.

The collection up to June indicate that 25.7 per cent of the annual budget target of indirect taxes has been achieved in the first three months of the fiscal. “We have done very well so far. Collection in the June quarter from central excise, customs and service tax put together are 30 per cent more from the year-ago period,” Central Board of Excise and Customs chairman Najib Shah said on the sidelines of an event here.

Asked if the Board will be able to meet the target of revenue collection for FY2016-17, he said, “It is very early to say how the year will be. Still, we are hopeful of achieving the target given to us by the government for the entire fiscal.”
×
The Government has pegged indirect tax collection target at Rs 7.78 lakh crore in the current fiscal, up 9.7 per cent from Rs 7.09 lakh crore actual collections previous fiscal.

Talking about the authorised economic operator (AEO) programme, an initiative launched by the Government on July 25, Shah said, “It is something we would like the trade and industry to join. This will help you save time and energy. Also, it will give you extensive benefits from Indian and foreign customs operations as well.”

The legal compliance norms have been rationalised in the AEO, as it boasts of three-tier scheme as opposed to the single one earlier. Moreover, there is a provision for taking into account special conditions of SME/MSMEs under the programme, he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

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