India’s tax regime mainly categorizes tax into types – Direct Tax and Indirect Tax. The difference between the two is based on the point of incidence.
The government is targeting to mop up Rs 11.16 lakh crore as indirect tax collection from levy of Central and Integrated GST and compensation cess in 2018-19, Parliament was informed on Friday.
According to the Budget Estimate, the government proposed to mop up Rs 7.4 lakh crore from the goods and services tax (GST) and Rs 2.6 lakh crore from Union excise duties.
New Delhi: India's indirect tax collections for April rose 41 percent to Rs.64,394 crore -- mainly on account of a spike in central excise realisations, a finance ministry statement said today. The figure was Rs.45,417
New Delhi: Reflecting an increase in economic activity, indirect tax collection increased 35.8 per cent in the first six months of the current fiscal to Rs 3.24 lakh crore, hitting more than 50 per cent
New Delhi: Indirect tax revenues grew 37.5 per cent to nearly Rs 1.54 lakh crore in the first quarter of the current fiscal, powered by a robust show in excise collections.Indirect tax collections in April-June
New Delhi: As negotiations with states on Goods and Services Tax (GST) enter a critical stage, the Centre is looking forward to implementation of the new indirect tax regime from April 1, 2016."The deadline for
New Delhi: Indirect tax collections grew at 4.1 per cent in the April-August period of this fiscal, a finance ministry official said.Total collection of indirect taxes - excise, customs and service tax - stood at
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