The implementation of GST may get delayed, if the passing of the Constitution Amendment bill in the budget session hits a roadblock
Indirect tax mop up inched up by 3.9 percent in the April-July quarter of the current fiscal due to decline in custom duty and excise duty collections, reflecting a slump in manufacturing activity. <br />
Finance Minister Arun Jaitley today said Rs 6.23 lakh crore indirect taxes collection target for the current fiscal is a challenging one but efforts are on to achieve the same by taking steps to boost growth.
The Finance Minister cut indirect taxes across the board on conumer goods and in the auto sector.
Here's what you should be watching out for in the vote on account today.
Taxes cannot be done away with completely except in countries blessed with nature's bounty. Nature has been kind to the Middle East so much so that the UAE has never felt constrained to tax its people with personal income tax.<br /><br />
Indirect tax collections has registered growth of 20 percent to Rs 4.17 lakh crore in April-February period of the ongoing fiscal.
Indirect tax collection grew at a moderate rate of 16.8 percent to Rs 2.92 lakh crore in the April-November period as against the annual growth target of 27 percent.
The government has fixed indirect tax- comprising customs, excise and service tax-- collection target at Rs 5.05 lakh crore for the current fiscal, an increase of about 27 percent from 2011-12 target.
Even as Google and Facebook continue to struggle to free themselves from the ongoing objectionable content ...