Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: form 3cd :: articles on VAT and GST in India :: VAT RATES :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: VAT Audit :: empanelment :: TDS
« News Headlines »
 ICAI to organise two-day international conference in Hyderabad
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers
 Finance ministry warns tax officials of action against GST protest
 Big changes for small units under GST
 Parliament’s winter session to begin on November 16 to expedite GST rollout
 Income-tax (27th Amendment) Rules, 2016 - 92/2016
 Announcement - Clarifications in Respect of MEF 2016-17

Record collection of central excise, service tax
April, 05th 2008

The Central Excise, Customs and Service Tax Commissionerate of Tirupati, having jurisdiction over Kurnool, Anantapur, Kadapa and Chittoor districts, has collected a record central excise and service tax revenue for the financial year 2007-08.

The central excise collections stood around Rs 667 crore, service tax around Rs 73 crore and the customs revenue around Rs 4.2 crore. The figures for 2006-07 for central Excise, service tax and customs stood at Rs 585 crore, Rs 57 crore and Rs 0.83 crore respectively.

According to commissioner of customs and central excise PN Rao, the central excise revenue has recorded a growth of 14 percent and the service tax revenue has recorded a growth of 28 percent over the previous year.

He explained that the major commodities that contributed to the growth in central excise revenue were cement, iron and steel and batteries.

He said that Tadipatri-based Ultra Tech Cements Limited, Penna Cements Limited and SJK Steel Plant Limited, Yerraguntla-based Zuari Cements Limited and India Cements Limited, Anantapur-based Satavahana Ispat Limited, Renigunta-based Amararaja Batteries Limited and Kurnool-based Sree Rayalaseema Alkalies and Allied Chemicals (SRACC) Limited were the major payers of central excise.

Goods transport, telephone service and banking & other financial services were the major contributors, together accounting for 58 percent of the total service tax revenue. BSNL, some of the major cement companies and banks have also contributed to the revenue, to a large extent, he said while thanking them for their cooperation.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

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