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: VAT RATES :: form 3cd :: VAT Audit :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: due date for vat payment :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company
 
 
« Service Tax »
 Credit Note And Debit Note Under Gst
 Demonetisation hits service tax, excise duty collection
 GST on a knife-edge as states act tough
 Parliament Winter Session: Govt keen on proper discussion on GST Bills
 Service Tax revision to make digital content expensive: Here’s how it will impact you
 GST Council may reduce tax slabs in future: CBEC chief
 Govt to waive service tax on card transactions up to Rs 2,000
 Recovery Of Tax Under Model Gst Law
 Income Tax officials hunt for Mumbai’s ‘ghost’ assessee
 GST delay to impact Budget
 If GST not rolled out by Sept, there won't be taxation in country, warns Jaitley

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 2016 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