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News Misc. - Indirect Tax

  • Jul 19, 2014
  • Indirect tax collections up 4.6% in April-June

    Indirect tax mop up inched up by 4.6 per cent in the April-June quarter of the current fiscal due to decline in custom duty and excise duty collections, reflecting slump in manufacturing activity.Indirect tax collections comprising excise, customs and service tax stood at about Rs. 1.13 lakh crore in the first quarter of 2014-15 fiscal, as against Rs. 1.08 lakh crore in the corresponding period a year ago, a finance ministry official said.

    Source - http://www.thehindu.com