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: empanelment :: ACCOUNTING STANDARD :: form 3cd :: list of goods taxed at 4% :: VAT Audit :: due date for vat payment :: cpt :: TDS :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company
 
 
« General »
 Filing ITR just got easier for salaried class with CBDT's one-page form
 Why consumers should welcome GST
 Retailers need to file single GST return every month
 Aadhaar is must for income tax returns if you have one; Here's how you can file it online
 Will it be a tax haven above the law?
 Your mutual fund investment tax efficient? Here are 3 steps to ensure utmost efficiency for your portfolio
 Finally a goods and services tax. But what lies ahead?
 Tax May Rise On Outbound M&As, Indian Mncs’ Investments
 Filing income tax return? Do remember to claim benefits on your reimbursements
 Banks will have a hard slog ahead to get GST-ready
 Clarification regarding applicability of Section 16 (1)(a) of the Companies Act. 2013 with reference to cases under corresponding provisions of Companies Act. 1956

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