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 »
 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?
 E-way relief, for now, to e-commerce, courier firms sending small orders

Service tax collections fall short of target in Gujarat
April, 10th 2015

For the second year in a row, Ahmedabad zone of central excise and service tax department collected lower service tax than expected. Against the target of Rs 5,413 crore for fiscal 2014-15, service tax department collected Rs 5,226 crore, falling short by Rs 187 crore.

However, the service tax collections have gone up by 5.11% on year-on-year basis from Rs 4,972 crore in 2013-14 to Rs 5,226 crore in 2014-15.

Ports, telecom, petroleum and construction sector companies were the major contributors to service tax collections.

"The collections this time have been good, we could reach near the target. It fell short because every year the target for collections is increased by 10%-15% by the central board," said a service tax official.

With economy showing signs of improvement, excise duty collections registered a noticeable growth of 20% at Rs 10,027 crore in 2014-15 compared to Rs 8,358 crore in 2013-14. Against the target of Rs 9,125 crore, excise duty collections went up by Rs 902 crore, an increase of 9.88%.

Major part of excise came from oil, motor spirit, ceramic products, cement, iron and steel machinery, edible oil, tobacco and soda ash manufacturers.

The Ahmedabad zone covers entire north, central and Saurashtra region of Gujarat. Rajkot commissionerate was the biggest contributor in both service tax and excise collections.

In 2014-15, rebate/refund of Rs 1,492 crore and Rs 195 crore was issued by excise and service tax departments respectively.

The central excise and service tax department detected evasion of worth Rs 165 crore in excise duty and service tax in 2014-15 (till February 2015) in Ahmedabad zone. As many as 10 people were held by the central agency for evasion.

The official added, "Both service tax and excise departments will intensify the raids against evaders of revenue."

Top service tax paying firms in Gujarat

Adani Ports & SEZ Vodafone West Ltd Reliance Port & Terminal Ltd (Port division) Gujarat State & Petronet Ltd Larsen & Toubro Ltd JMC Projects (India) Ltd Vadinar Oil & Terminal Ltd BSNL (Ahmedabad division) Essar Oil Mundra International Container Terminal

Top excise paying companies in Gujarat

Essar Oil Ltd Urmin Products Pvt Ltd Vishnu Packaging Nirma Ltd Bhavnagar Tata Chemicals Ultratech Cement Ltd Gujarat Heavy Chemicals Ltd Vishnu Tobacco Product Adani Gas Ltd Jaypee Gujarat Cement Ltd

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

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