Mumbai zone passes service tax collection target

The Mumbai zone of service tax department has not only exceeded revenue from service-tax collection as on December 31 in the current financial year as compared to the corresponding period a year ago, but also surpassed the target given to it by the government for the nine-month period.

Revenue collection from the Mumbai zone during April-December stood at Rs 58,676 crore, up Rs 11,331 crore, or 23.9 per cent, from the year-ago's collection of Rs 47,345 crore, according to service tax department data.

Moreover, the zone has surpassed the government-set target for the period by Rs 4,725 crore, or 8.8 per cent,