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Excise tax set to meet target
October, 01st 2009

The Chief Commissioner of Central Excise, Bangalore Zone, Subhash Chander on Wednesday said, Despite recession, the department will achieve its set target. After launching an application software known as Automation of Central Excise and Service Tax (ACES), he said that the department had set a target of collecting Rs 9,450 crore as service tax and excise duty in the state this year, with Rs 4,550 crore as service tax and Rs 4,900 crore as excise duty.

Till August 31, the department had collected Rs 1,480 crore as excise duty and Rs 1,300 crore by levying service tax.

Benefits

ACES is an applicationbased software that would be installed at all the central excise centres in Bangalore and it is expected to simplify the tax filing procedures.

ACES will enable the assessees to do all transactions with the department through the internet.

The system is expected to facilitate the easy disposal of disputes and enhance transparency within the department and accountability and efficiency of the department staff.

ACES will help 13.2 lakh service tax payers and 2.5 lakh excise duty payers across the country.

 
 
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