ALSO READMumbai Zone surpasses service tax collection target Service tax mop from Mumbai zone jumps 25.5% till Nov Tax officers to file self-appraisal report on e-assessment All India Central Revenue Sports Meet to begin tomorrow Revenue Department exceeds Revised Tax Collections target for 2016-17 around 18% taken together in case of Direct and Indirect Taxes
The service tax collection from the Mumbai zone has missed the revised target by a whisker at Rs 81,599 crore, which is a growth of 18.8 per cent from Rs 68,696 crore a year ago, a senior official has said. The Union Budget 2017 had set a target of Rs 76,300 crore from the Mumbai zone but this was revised upwards to Rs 83,000 crore in February. The Mumbai zone of the service tax department is responsible for over one-third of overall service tax collection from the entire country. "Our revenue mop-up increased 18.8 per cent to Rs 81,599 crore in the year gone by over the previous year," chief commissioner of service tax and head of the Mumbai zone Piyusha Patnaik told PTI. "We were able to collect more revenue by taking several measures such as tracking defaulters who had filed returns but couldn't make payment, better handling of audit and above all, realisation of arrears," Patnaik said. Gross revenue collection by the department for March also grew 13.6 per cent at Rs 11,237 crore up from Rs 9,895 crore in the year-ago period. Explaining the reasons for missing the revised target, he said the department had made refunds to the tune of Rs 1,435 crore during the year, which though was lower than Rs 1,505 crore refunds in the year ago. The main reason for the shortfall was the short two- months the department got to meet the higher revised target. For the entire country, service tax collections rose 20.2 per cent to Rs 2.54 lakh crore in fiscal 2017 from Rs 2.11 lakh crore a year ago.
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