Indirect Tax Revenue Up by 16%
Legal Corner Icon — the image was hosted by the publisher and was not captured.A visibly happy Chairman of the CBEC, SK Goel, yesterday released to the Press details of his revenue collections for the first three quarters of the fiscal. "We hope we will be able to meet the budget estimates of Rs. 3.93 lakh crore this fiscal", said the Chairman.
Customs collections from April to December was Rs 1,12,670 crore, up 13.8% while excise collections were Rs. 1,05,411. Service Tax is also catching up with Rs. 67,706 crore during April-December.
Revenue officers are really not to blame for increase or decrease in Revenue, but we find them happy when the collections are good. Let us hope the overzealous revenue officials would not harass the trade more for their targets.