TaxTMI 
TaxTMI 
High service tax collection may help achieving the Indirect Tax targets
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....igh service tax collection may help achieving the Indirect Tax targets <br>News and Press Release<br>Dated:- 31-7-2007<br><BR>Shri P Chidambaram, inaugurated the conference with the Chief Commissioner....
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....s and Directors General of Central Board of Excise & Customs on 24th July 2006 at New Delhi. In the current financial year, the customs duty collections registered a 20% rise to touch Rs 23,570 cror....
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....e in Q1 this year, as against Rs 19,677 crores during same period last year. However the excise duty collections during the Q1 had increased only by 6.8%. However, Shri Chidambaram was, confident of m....
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....eeting the budget targets on indirect tax collections because there has been a 31.6% rise in service tax collections which rose to Rs 7,257 crores during April-June 2007. "We are slightly behind on ....
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....excise, a shade behind on service tax, but we have no grave concerns in terms of budgetary targets... Now, I am confident that with the economy growing at close to 9%, the department will be able to m....
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....eet the budget estimates," he said. Delhi, Service Tax , however, surpassed the national growth of Service tax by more than twice. The service tax collection in Delhi Service Tax Commissionerate rec....
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....orded a growth of 66% in the first quarter of this year against the national average of 31.6%.<BR> News - Press release - PIB....