The government today said indirect tax collections for FY2010-11 have exceeded the revised estimate of Rs 3.34 lakh crore for the fiscal on the back of strong economic activities and the partial withdrawal of fiscal stimulus measures. According to Central Board of Excise and Customs (CBEC) Chairman S Dutt Majumder, the Finance Ministry expects at least Rs 7,000 crore more than the revised estimate for the last fiscal.

“… Over and above the revised estimate, we expect Rs 7,000 crore minimum, it may be more also,” Majumder told reporters on the sidelines of an Assocham event.

He further said the Finance Ministry has exceeded the revised target by Rs 6,000 crore, with the total indirect tax collection at Rs 3.40 lakh crore already.

“I expect more. This does not take into consideration customs collection of March 30 and 31.

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Telegram

taxguru on telegram GROUP LINK

Download our App

  

More Under Excise Duty

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

February 2024
M T W T F S S
 1234
567891011
12131415161718
19202122232425
26272829