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High service tax collection may help achieving the Indirect Tax targets

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..... High service tax collection may help achieving the Indirect Tax targets
News and Press Release
Dated:- 31-7-2007

Shri P Chidambaram, inaugurated the conference with the Chief Commissione .....

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..... rs and Directors General of Central Board of Excise & Customs on 24th July 2006 at New Delhi. In the current financial year, the customs duty collections registered a 20% rise to touch Rs 23,570 cro .....

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..... re in Q1 this year, as against Rs 19,677 crores during same period last year. However the excise duty collections during the Q1 had increased only by 6.8%. However, Shri Chidambaram was, confident of .....

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..... meeting the budget targets on indirect tax collections because there has been a 31.6% rise in service tax collections which rose to Rs 7,257 crores during April-June 2007. "We are slightly behind on .....

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..... excise, a shade behind on service tax, but we have no grave concerns in terms of budgetary targets... Now, I am confident that with the economy growing at close to 9%, the department will be able to .....

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..... meet the budget estimates," he said. Delhi, Service Tax , however, surpassed the national growth of Service tax by more than twice. The service tax collection in Delhi Service Tax Commissionerate re .....

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..... corded a growth of 66% in the first quarter of this year against the national average of 31.6%.
News - Press release - PIB .....

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