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331
Results
Indirect Tax Collections up to October, 2016 shows increase of 26.7%
TG Team
09 Nov 2016
0 comment
Indirect tax collections (Central Excise, Service Tax and Customs) up to October 2016 show that net revenue collections are at Rs 4.85 lakh crore which is 26.7% more than the net collections for the corresponding period last year. ...
Posted Under:
Excise Duty
|
News
CBI arrests Excise Superintendent for Accepting Rs.50,000/- as Bribe
TG Team
10 Oct 2016
0 comment
The Central Bureau of Investigation has arrested a Superintendent of Central Excise, Faridabad for demanding & accepting a bribe of Rs.50,000/- from the complainant....
Posted Under:
Excise Duty
|
News
Indirect Tax Collections up to Sep, 2016 shows increase of 25.9%
TG Team
10 Oct 2016
0 comment
Indirect Tax Collections up to September, 2016 show an increase of 25.9% over the net Indirect Tax collections for the corresponding period last year(2015-16); Net revenue collections up to September, 2016 stood at Rs 4.08 lakh crore which is 52.5% of the Budget Estimates of Indirect Taxes for Financial Year 2016-17....
Posted Under:
Excise Duty
|
News
7 Years Imprisonment to then Inspector, Central Excise in A Bribery Case
TG Team
24 Sep 2016
0 comment
The Special Judge, CBI cases, Dehradun (Uttarakhand) has today sentenced Shri Vikash Jatav , then Inspector, Central Excise, Roorkee to undergo seven years Rigorous Imprisonment with total fine of Rs.20,000 in a bribery case....
Posted Under:
Excise Duty
|
News
Indirect Tax collections upto August 2016 shows 27.5% increase
TG Team
12 Sep 2016
0 comment
The figures for indirect tax collections (Central Excise, Service Tax and Customs) upto August 2016 show that net revenue collections are at Rs 3.36 lakh crore which is 27.5% more than the net collections for the corresponding period last year. Till August 2016, 43.2% of the Budget Estimates of indirect taxes for Financial Year 2016-17 ha...
Posted Under:
Service Tax
|
News
Direct / Indirect Tax Collections up to July, 2016
TG Team
09 Aug 2016
0 comment
Indirect Tax Collections up to July, 2016 indicate net revenue collections of Rs.2,71,719 crore as compared to Rs.209217 crore in the corresponding period last year and thereby registering an increase of 29.9% over the corresponding period; 34.9% of the Budget Estimates of indirect taxes for FY 2016-17 achieved till July 2016. ...
Posted Under:
Service Tax
|
News
Download ICAI Technical Guide to CENVAT Credit
TG Team
06 Aug 2016
1 comment
Introduction of CENVAT credit rules across goods and services in the year 2004 was one of the major steps in indirect taxes reform process. Since then these rules have undergone significant changes as the Government has addressed issues and difficulties faced by tax payers and also taken steps to reduce cascading of taxes. Union Budget [&...
Posted Under:
Excise Duty
|
Downloads
,
News
Summary of Performance Audit on Cenvat credit scheme.
TG Team
03 Aug 2016
0 comment
We observed instances of non-submission of various prescribed returns by the assessees. Non-submission of returns would hinder the department’s ability to verify the duty paid by assessees, correctness of valuation, availing of Cenvat credit, ...
Posted Under:
Excise Duty
|
News
Excise on jewellery: Govt accepts HLC recommendations
TG Team
13 Jul 2016
0 comment
Government accepts the recommendations of Sub-Committee of the High Level Committee to interact with Trade & Industry on Tax Laws on issues relating to compliance procedure for the excise duty,records to be maintained and other relevant administrative issues....
Posted Under:
Excise Duty
|
News
Growth in Direct/Indirect tax collection of 1st quarter of 2016-17
TG Team
08 Jul 2016
0 comment
The direct tax collections upto June, 2016 indicate net revenue collection of Rs.1.24 lakh crore which is a growth of 24.79% over the corresponding period last year. The main reason for this increase is the change in the requirements for advance tax payment even in respect of individuals which has been made in the last year’s Budget. ...
Posted Under:
Service Tax
|
News
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