Indirect tax collections grow 36.5% to Rs 2.63 lakh crore

Last Updated: Wednesday, September 9, 2015, 19:18

Indirect tax collections rose 36.5 percent in April-August to over Rs 2.63 lakh crore, suggesting that the underlying momentum in the economy is strong, the Finance Ministry said Wednesday.

Govt can spend Rs 37,200-cr more and still meet deficit target

Last Updated: Wednesday, August 26, 2015, 22:49

The government can spend an additional Rs 37,200 crore more this fiscal year in infra investments or bank recapitalisation and still not miss the 3.9 percent fiscal deficit target, the domestic ratings agency India Ratings said in a report Wednesday.

Indirect tax collection growth shows economy improving: CEA

Last Updated: Wednesday, August 12, 2015, 12:14

The Finance Ministry on Wednesday said a steady 37 percent growth in indirect tax collections in four months to July reflects that underlying momentum in the economy is improving.

Indirect tax revenue surges 37% to Rs 2.1 lakh crore in Apr-Jul

Last Updated: Tuesday, August 11, 2015, 16:01

Indirect tax revenue jumped over 37 percent to over Rs 2.1 lakh crore during April-July period of current fiscal, on the back of higher excise collections.

Service Tax: Penalty norms encouraging voluntary compliance

Last Updated: Wednesday, June 3, 2015, 18:29

In case of voluntary payments along with interest, reduced penalty have been provided depending upon the stage of litigation i.e. Prior to issuance of show cause notice, after issuance of show cause notice but before adjudication or after adjudication.

Higher tax collections to help improve fiscal deficit: Jaitley

Last Updated: Monday, May 25, 2015, 18:30

Finance Minister Arun Jaitley on Monday said direct tax collections for the current financial year were likely to increase by 14-15 percent, enabling the government to improve upon its fiscal deficit target of 3.9 percent.

Squeeze parallel economy in a fair manner: FM to taxmen

Last Updated: Monday, May 25, 2015, 13:00

Jaitley further said that improvement in tax collection will increase the ability of the government to step up spending on social and infrastructure projects.

We expect a growth of 14-15% in direct tax collections: FM Jaitley

Last Updated: Monday, May 25, 2015, 11:23

While addressing the conference he said that we have to bring tax rate at global level while t the same time removing the exemptions.

Direct Tax collections marginally short of target in 2014-15

Last Updated: Tuesday, May 5, 2015, 16:26

Direct tax collections touched Rs 6,96,200 crore during 2014-15 despite difficulties on the economic front, marginally falling short of the target.

Direct tax collections rise 5.67% during Apr-Nov

Last Updated: Tuesday, December 23, 2014, 19:01

The government's direct tax collections during April-November of this fiscal rose 5.67 percent to Rs 3.29 lakh crore over the same period a year ago.

Indirect tax collections rise 7.1% in April-November 2014

Last Updated: Thursday, December 11, 2014, 21:36

Indirect tax collections rose marginally by 7.1 percent in the April-November period to over Rs 3.28 lakh crore, mainly on account of increase in revenue from service tax and customs.