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FM finally gives in, to meet protesting jewellers tomorrow
Fp Archives •The industry is estimated to have lost over Rs 15,000 crore since the strike began on March 16. Political parties, including some Congress MPs, have also petitioned the finance minister to review the proposal.
19,000 crore service tax, control excise duty frauds in 2008-11: CAG
Fp Archives •In service tax, the CAG observed the department raised a demand of Rs 9,905.84 crore and recovered only Rs 2,706 crore.
Raised service tax to avoid cascading effect of GST: FM
Fp Staff •Pranab Mukherjee today said raising service tax was necessary to ensure smooth transition towards the implementation of an all-encompassing Goods and Service Tax.
Budget 2012: FM hopeful to meet indirect tax collection target
Fp Archives •The excise collection jumped 6.8 percent to Rs 1.17 lakh crore.The total mop up from customs duty rose 12.7 percent to Rs 1.24 lakh crore during the 10-month period.