News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Service Tax »
 No tax on gift from relative but show it in ITR under exempt income
 How new income tax rates impact those with Rs 10 lakh salarya
 As new income tax regime beckons, should you switch?
 Which is better for you? New income tax regime vs old
 More people need to come under tax net
 How India can fix its problem of not collecting enough taxes
 which is the best option to save taxes under Section 80C?
 Can these deductions make you tax free?
 Best mid cap mutual funds to invest in 2020
 Income tax calendar for the year 2020
 How to reduce your tax liability while changing job

Service tax collection from Mumbai zone up 21.3 per cent till August
September, 14th 2016

Service tax collection from Mumbai zone has surged by over 21 per cent in the first five months of the fiscal year over the year-ago period, surpassing target.

Service tax collection from Mumbai zone has surged by over 21 per cent in the first five months of the fiscal year over the year-ago period, surpassing target.

Revenue collection from the Mumbai zone rose 21.3 per cent to Rs 29,003 crore as of August 31, or Rs 5,097 crore in absolute terms from collection of Rs 23,906 crore in the corresponding period last year, data from the service tax department showed.

With this, the zone has surpassed the target given to it by the government for the period by Rs 1,527 crore or 5.6 per cent.

Government had set the revenue collection target for the zone until August-end at Rs 27,476 crore, whereas it collected a revenue of Rs 29,003 crore.

For the current fiscal, the zone has been given a revenue collection target of Rs 76,300 crore, as against Rs 68,714 crore collected last year, an 11 per cent growth.

The net revenue collected by the department for August alone is at Rs 5,192 crore from Rs 4,552 crore in the year-ago period.

Net collections of Service Tax during April-August in the entire country stood at Rs 92,696 crore, a growth of 23.2 per cent, as compared to Rs 75,219 crore during the same period the year before.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting