Tax collection zooms 40 pc at Rs 14,780 cr in Ranchi Zone

Tax department has registered 40.15 per cent jump in revenue collection at Rs 14,780 crore in the Ranchi excise zone in the April-January period of this fiscal.
A high growth in tax collection has enabled the zone to be ranked sixth among the 27 central excise zones in the country, a senior official said.
"We have so far collected Rs 14,780 crore in central excise and service tax from Ranchi Zone comprising Patna commissionerate among its divisions by January-end this year and the eventual figure by the end of the current financial year may go up to Rs 17,000 crore," Zonal Chief Commissioner Sheo Narayan Singh told reporters on the sidelines of a programme.

Giving a break-up of the growth in central excise and service tax in Ranchi zone, he said that the central excise tax collection had increased by 44 per cent and the service tax by 18 per cent.
Singh emphasised the huge potential to tap central excise and service tax in the Ranchi Zone, which covers both Bihar and Jharkhand.
Referring to revenue potential of Patna Commissionerate, he said that it had 30,000 registered excise and service tax-payers out of a total 85,000 in the Ranchi Zone, he said.
Singh said that IOCL, Tata group of companies, ITC as leading excise tax payers under the Ranchi Zone, while the private security agency SIS has paid the highest service tax at Rs 120 crore with Patna being its central office.