Latest News
-
25% Dividend Record Date: Logistic Stock Nears 1-Year High And It Belongs To Mahindra; Motilal Neutral -
1:10 Split, 26 Dividends: Tata's 26-Year-Old Retail Stock In Focus, Q4, Dividend Ahead; Buy For Target Rs 4200 -
1:5 Split Soon: Rs 2,300 Defence Stock To Split Into Five Shares, Rs 400 Cr Fundraising Too; Hits 52-Week High -
Penny Stock Bags Back-To-Back Orders Worth Rs 500 Mn, 110 Mn; Shares Hit Upper Circuit -
Marshall Wace Offloads Stakes in 21 Indian Companies for Rs 2,365 Crore -
Rishi Sunak Announces Generational Hike in UK Defence Spending -
Dr Reddy's Issues Recall for Six Drug Lots in US Over Subpotency Concerns -
Dr Reddy's Voluntarily Recalls Six Drug Lots in US Over Potency Concerns -
IRCON, RITES: 2 Multibagger Navratna Railway Stocks Potential To 17-24% Upside Ahead; Assigned BUY Rating -
AU Small Finance Bank Unveils New Products Including Rupay Credit Card
FY13 indirect tax collection exceeds target: Bose
"We have exceeded the revised estimates in indirect tax," Reveneue Secretary Sumit Bose said at an interactive session with Bengal Chamber members here.
However, he did not give a specific number, saying that it could be known only after April 20, when the annual figures are announced.
The revised indirect tax collection for 2012-13 from customs, central excise and service tax was Rs 4.6 lakh crore.
Bose said government was close to the target in direct tax, "but combining (indirect and direct tax), we have met the target".
The revised combined revised target of the government for 2012-13 was Rs 10.3 lakh crore.
He said early introduction of Goods and Service Tax would have positive impact on GDP, exports and employment.
Bose said, however, "I don't know 'how soon' it will happen".
Meanwhile, the Union Finance Ministry is planning to set up the fifth large tax unit (LTU) in Kolkata by June, he said, adding that the LTU is expected to provide specialised service to large tax payers of the eastern region
PTI
