Question : TARGET AND COLLECTION OF TAXES

MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM)

(a) & (b): The details of revenue collection during the financial year 2007-08 are as under:

(i) Direct Taxes - siutou
The break-up of the collection up to February, 2008 is as under:

(Rs. in Crore)
Direct Taxes	BE 2007-08	RE 2007-08	Revenue realized during April,	2007 - February, 2008
Corporate Tax	168401	186125	139241
Personal Income	98774	118320	93112
Tax (Including
FBT, STT, BCTT)
Other Taxes	315	315	323
Total	267490	304760	232676

(II) Indirect Taxes -

(Rs. in Crore)
Indirect Taxes	BE 2007-08	RE 2007-08	Revenue realized during April,	2007 - January, 2008 (Provisional)
Union Excise Duty#	129043	126709	97559
Customs Duty	98770	100766	84258
Service Tax	50200	50603	39559
Total	278013	278078	221376
#Exclusive of cess not administered by Department of Revenue

The revenue collection from Direct Tax and Indirect Tax during the current financial year 2007-08 has not yet exceeded the target. With the current trend of growth in Revenue collection, however, the Budget Estimate will be exceeded and the Revised Estimate is likely to be achieved.

(c) The Government has taken a number of steps to improve collection of revenue. Some of these are Spreading knowledge about TDS & TCS provisions by organizing training programme for Govt.departments and PSUs; Monitoring of the recovery of arrears by a Task force; Monitoring of advance tax payments by top taxpayers; Detection of new areas of violation/avoidance of the provisions of TDS and taking action for proper deduction and deposit of TDS; Computerization of the Departmental business processes and databases for linking of information and reporting of high value transactions; Collection of data of purchase of luxury goods and issuance of notices in suitable cases; Multi-media campaign to encourage voluntary compliance of tax laws; Strengthening of tax administration by providing extra manpower and adequate infrastructure; Strengthening of audit capacity; Automation of business process, so that revenue risk is identified expeditiously and addressed in a scientific manner, Taxpayer education; Dissemination of information relating to various laws and levies; regular monitoring of commodity-wise/service-wise revenue; faster completion of pending investigations for issue of show cause notices, strengthening tax administration in key areas such as Service Tax, Internal Audit, Ports, etc.; inclusion of deterrent provisions in central excise laws; monitoring of export obligations under the export promotion schemes, etc.