Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 8 reasons why old tax regime is still attractive for many taxpayers in this income tax bracket
 March 31 deadline is getting near. How to save income tax with tax loss harvesting?
 45-day MSME payment rule: Impact and details of Section 43B(h) explained
 Small savings schemes that offer tax benefits of up to Rs 1.5 lakh under section 80C
 RE-OPENING OF CORRECTION WINDOW FOR MAY 2024 CA EXAMINATIONS
 Powerful Upgrades, Tally 12+1 months renewal Plan and Connected Services for your growing Business - March 2024
 How innovative solutions can help fix the Sec 43B conundrum for MSMEs
 Income Tax dept asks many individuals to explain high value transactions of FY20-21 as Updated ITR deadline nears
 Release Notes for TallyPrime and TallyPrime Edit Log Release 4.1 | What s New!
 Deadline to file updated ITR FY20-21 ends on March 31: Details on additional tax
 4 tax-planning mistakes to avoid this season

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 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting