Govt's indirect tax collection at Rs 3.75 lkh cr in Apr-Jan
Quotes

Govt's indirect tax collection at Rs 3.75 lkh cr in Apr-Jan

Last Updated: Friday, February 22, 2013, 19:06
 
 Comment 0
 
Govt's indirect tax collection at Rs 3.75 lkh cr in Apr-Jan
New Delhi: The government has realised Rs 3.75 lakh crore as indirect tax in the April-January period, 74.41 percent of the target for 2012-13 fiscal, Parliament was informed Friday.

In a written reply to the Lok Sabha, Minister of State for Finance S S Palanimanickam said that while excise has yielded Rs 1,38,654 crore during April-January 2012-13, collection from customs and service tax, worked out to be Rs 1,34,802 crore and Rs 1,02,322 crore.

For the current fiscal, the government had proposed to collect Rs 5.05 lakh crore through customs, excise and services taxes, an increase of 27 percent over 2011-12.

The target for customs collection for 2012-13 was fixed at Rs 1.87 lakh crore, for excise - Rs 1.93 lakh crore and for service tax - Rs 1.24 lakh crore.

In the first eight months (April-November) of this fiscal, indirect tax collection had grown at a moderate rate of 16.8 percent to Rs 2.92 lakh crore.

In the same period of 2011-12, the collection of indirect taxes was Rs 2.50 lakh crore.

In reply to another query, the minister said the government has reverted to the path of fiscal consolidation with an exit from the expansionary measures in a calibrated manner.

PTI



First Published: Friday, February 22, 2013, 19:06


Comments


comments powered by Disqus
Tata Zest first drive review: In pics
Tata Zest first drive review: In pics
Google I/O 2014
Google I/O 2014
Maker Faire @ White House
Maker Faire @ White House
Amazon unveils 3D `Fire` smartphone
Amazon unveils 3D `Fire` smartphone
RIL`s 40th AGM
RIL`s 40th AGM

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved