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: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ACCOUNTING STANDARDS :: empanelment :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: list of goods taxed at 4% :: VAT Audit :: form 3cd :: Central Excise rule to resale the machines to a new company :: VAT RATES :: due date for vat payment :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
News Headlines »
 Is government tapping your phone?
 Income tax department to use analytics to look for discrepancies in bank accounts
 GST Council fails to break deadlock over indirect tax regime, next meet on Dec 11 and 12 to hammer out differences
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government

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