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: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: form 3cd :: cpt :: VAT RATES :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: VAT Audit :: empanelment :: Central Excise rule to resale the machines to a new company :: TDS :: list of goods taxed at 4%
 
 
« Indirect Tax »
 CBEC rechristened Central Board of Indirect Taxes and Customs
 Income tax department to challenge ITAT relief to Cairn Energy in HC
 5 crucial ways how doing business will be different under GST
 What is the lowdown on the Goods and Services Tax
 Ineligible Input Tax Credit Under Gst Regime
 What is GST, how is it different from now: Decoding the indirect tax regime
 Indirect tax collection can fall short of FY’17 target
 GST in last lap: What's in it for businesses, firms and most importantly, you?
 Indirect tax collection: All you want to know about stuck cases and rejected appeals
 Government achieves revised tax collection target
 Keep indirect taxes 'low, affordable' under GST

Indirect tax trove expands 12.6% to hit Rs 1.13 lakh cr
September, 13th 2008

Boosted by robust collection of import duty and service tax, the governments revenue receipts touched Rs 1,12,643 crore in the first five months of the fiscal, a growth of 12.62%. The collection during April-August amounts to 35% of the Budget estimates for 2008-09.

Receipts from import duty and excise duty rose 10.5% in the first five months of the fiscal to Rs 93,856 crore, the government said on Friday. Customs duty receipts were up 17.8% during the period to Rs 47,734 crore while excise collection grew 3.7% to Rs 46,122 crore, the finance ministry stated here.

In August alone, Customs duty receipts rose 8.9% to Rs 9,484 crore, which surpassed the growth in excise duty, which rose 1.2% to Rs 10,013 crore in the month. Total indirect tax collections in August, excluding service tax, rose 4.8% from the same month last year and stood at Rs 19,497 crore.

Service tax collections showed a spectacular jump of 25% in the first five months of the fiscal to Rs 18,787 crore. In August too, service tax receipts were up 9.4% to Rs 3,876 crore, the finance ministry said.

Budget 2008 has estimated indirect tax collections at Rs 3,21,264 crore during the fiscal, which include Rs 1,18,930 crore from Customs, Rs 1,37,874 crore from excise and Rs 64,460 crore from service tax.

Meanwhile, during April-August 2008, the net direct tax collections stood at Rs 84,409 crore, up 38.31% from Rs 61,030 crore in the same period last year.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

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