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: TDS :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: VAT Audit :: Central Excise rule to resale the machines to a new company :: form 3cd :: VAT RATES :: due date for vat payment :: empanelment :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt
 
 
« General »
 Confusion over GST persists: Wholesale grain market affected, sales fall by 40 percent in Pune
 Slow tax growth reflects companies' GST troubles
 What is PAN card? Why is it important?
 Govt to cut down executive discretion on tax laws
 Businesses can start filing July returns on GSTN from August 5
 Are you earning abroad? Know the tax rules
 Attention last minute tax filers! Know about key changes made by govt this year
 Accounting relief for IndAS companies
 How you can reduce your tax to zero if you have income within Rs 10 lakh
 NRIs’ overseas bank info needed only for tax refund
 Non-performance: I-T dept transfers 245 commissioners

Hike in commercial taxes revenue
September, 08th 2010

The collection of revenue from commercial taxes in the first five months of the current financial year, has increased compared to the same period last year.

The figures upto August 31, 2010 show that the revenue collection is ' 99.49 crore compared to last year's ' 87.46 crore for the same period. Commercial tax revenue consists of VAT (value added tax), entry tax, luxury tax and entertainment tax. The bulk of it comes from VAT collection. Central sales tax was only ' 620.65 lakh while state sales tax/VAT collection was ' 77.36 crore.

The entertainment tax collection for the first five months was ' 3.05 crore compared to last year's 2.30 cr while the luxuy tax has also gone up this time.

In what is seen as a good sign of inflow of tourists during monsoon season, the luxury tax figures have almost doubled. Last year it was ' 2.46 crore and till August end it was ' 5.34 crore. Last year, the tourism season was quite bad and this was reflected in the luxury tax collection.

In fact, the two months when Goa received heavy rains, the number of tourists who visited Goa was relatively high. Luxury tax receipts are almost double for the two months compared to last year's.

In the last financial year, the total revenue collection by the commercial taxes department was nearly ' 1400 crore.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

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