Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Indirect Tax »
Open DEMAT Account in 24 hrs
 ITR deadline: Has income tax return deadline for audit cases been extended?
 When will ITR1 forms become available for tax filing. Check details
 How to reduce tax on rent from vacant houses
 Make sure to claim these tax deductions
 Investment tips for those opting for new tax regime
 Indirect tax dept issues notices to companies over late input credit claim under GST frame
 E-generated document required for indirect tax notices
 FinMin seeks industry inputs on direct, indirect tax changes
 Govt gives businesses four months to settle indirect tax disputes
 ITR filing becomes easy via new 'e-Filing Lite' portal - 5 things to know Income Tax Return
 No income tax on interest from accident compensation: High Court

India's Q1 indirect tax collection rises
August, 02nd 2010

Indirect tax collection in the country, including customs, central excise and service tax, rose over 53 per cent to Rs68,462 crore in the first quarter of the current fiscal (April-June 2010-11) against Rs44,692 crore in the April-June 2009-10 quarter.

Indirect tax mop-up in the April-June 2009-10 quarter had fallen 29.3 per cent to Rs44,692 crore from Rs63,252 crore in the same quarter of the previous fiscal, official data showed.

Of the total indirect tax mop-up during the first quarter of the current financial year, customs contributed Rs30,288 crore, central excise Rs27,773 crore and service tax Rs10,401 crore, according to provisional figures available at field formations and office of controller of accounts.

The government is regularly monitoring revenue collection and undertaking analysis of the causal factors at national, zonal and commissionerate levels and is also strengthening audit and anti-evasion measures to increase the level of tax compliance, minister of state for finance S S Palanimanickam informed the Lok Sabha in a written reply on Friday.

Total tax receipts, including direct taxes, during the first quarter of the current year were Rs83,994 crore while total expenditure stood at Rs2,42,208 crore during the quarter.

The minister also informed the house that during the curreny fiscal the government also recovered Rs9,748 core of last fiscal's total outstanding tax demand of Rs75,509 crore against companies. The balance demand includes demand locked-up in appeals before CITs (appeal), ITATs, high courts and the Supreme Court, he added.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting