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!
« Service Tax »
Open DEMAT Account in 24 hrs
 Tax e-filing: New banks enabled for online tax payments via e-pay tax service Check the entire list of banks
 Income Tax Bill 2025: Changes under the new bill that taxpayers must know. Check FAQs
 ITR filing: Know the new Budget 2025 rules for filing updated income tax returns
 New Income Tax Bill 2025: What are expected changes and how will they affect you?
 From tax changes to capex growth 5 key expectations from Emkay Global for Indias economy
 Income Tax Returns: What are the consequences of not verifying your ITR within 30 days
 Income Tax: Want to update your ITR? You can file an updated tax return; Here s all you need to know
 ITR Filing 2024: How to check income tax refund status online using PAN card? A step-by-step guide
 ITR Filing 2024: Which Income Tax Regime Is Better For NRIs? Check Expert Inputs Here
 ITR filing 2024: How to check income tax refund status online? A step-by-step guide
 Income Tax Return: Why should you wait till June 15 to file your ITR for FY24?

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 2025 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting