image

Extra efforts required to sustain Indirect Tax targets

Amid fears of moderation in growth, Indian Finance Minister Pranab Mukherjee Wednesday said sustained efforts would be needed to achieve indirect tax collection target of Rs 3.92 lakh crore, about 15 per cent more than the last fiscal.

The Minister, while addressing the annual conference of chief commissioners and directors general of Central Board of Excise and Customs (CBEC) here, also called upon the tax officials to work towards reducing the tax litigations.

Noting that doubts were being raised over growth projection of 9 per cent for the current fiscal, Mukherjee said, it would be possible to achieve a growth rate of 8.75 per cent (plus-minus 0.25 per cent) with “hard work”.

To realise indirect tax collection of Rs 3.92 lakh crore in 2011-12, the Minister said, “you (tax officials) would need a growth of nearly 15 per cent.

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Leave a Reply

Your email address will not be published.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

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Recent Articles

Recent Legal updates

Recent Gst Updates