sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Service Tax »
 12 ways to avoid paying more for bank services
 I-T return filing: Income Tax offices, Ayakar Seva Kendras to remain open from March 29-31
 Top 5 money matters you must settle before March 31 From income tax returns to LTCG,
 Steep fines for missing March 31 income tax deadline
 CBEC clears some air on refunds under GST, central excise, service tax laws
 3 key tax changes for senior citizens which will come into effect from April 1, 2018
 Income tax returns (ITR) filing: Not filed returns for 2 years? Beware! Deadline nearing
 All you want to know about HRA: When you can claim and how it is calculated?
 Income Tax Saving: 6 ways to save tax without investing before March 31 tax deadline
 Unnable to file your tax return? Take help of these portals
 Do you know which 80C instruments can help you save tax and carry no future tax liability?

Service tax to fill the gap
December, 26th 2011

The central excise and customs officials have pinned their hopes on the service tax collections from the state this year. With fears of low customs and excise duty collections due to economic slowdown, excise officials are looking at service tax to fill the gap.

The Central Board of Direct Taxes has made e-filing of service tax returns compulsory from this year. "From April to October 2011, we have collected Rs 1,608.65 crore as service tax, which was 36.58 per cent higher than Rs 1177.79 per cent collection in the same period last year in Ahmedabad commissionerate. We want to continue with the growth till March and have initiated several surveys of assesses. Notices are sent to non-filers and new registrations of service providers are being done," said an excise official. The last date for filing the half-yearly returns, from April to September 2011, is December 26.

The official said that Ahmedabad zone has around 27,000 service tax providers registered with them but a large chunk of them are non filers.

"Gujarat will be loosing more than Rs 7,000 crore due to slashing of duty on crude oil imports. However, duty collections from import duty on precious metals, mineral fuels, oils and chemicals have shown an impressive growth," said a senior excise official. "Also excise duty from engineering and chemical industry has seen a healthy growth. But emphasis is given to service tax collection since a large number of service providers don't even file their return."

Reliance Port and Terminal, Fascel, Mundra Port and Special Economic Zone, Gujarat State Petronet, L&T, Jaisu Shipping, Cadila Heath Care and BSNL remain to be the top service tax payers in Gujarat.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions