With effect from 1 June, Service Tax rate has been raised from 12.36 % from 14 % rise. Ahmedabad Zone observed 25 % rise in current fiscal year. Ahmedabad Zone made collection of Rs 6535 crores. For the past 2 years, Real Estate sector was under recession which was a major contributor to Service Tax will regain its position expects Tax officials.In fiscal year 2015-16, Central Excise targets 30% increase in Ahmedabad Zone including Ahmedabad, Rajkot, Bhavnagar and all areas are included. Ahmedabad Zone in 2014-15 fiscal year collected Rs 5237 crores service against Rs 6535 crores in the year 2015-16. Increased use of internet in telecom sector will compensate loss to tax revenue this year, the department is expected to achieve its target of 25 %.
Related Articles
Official Welcome Ceremony of PM Narendra Modi at Akasaka Palace Tokyo
VIDEO OF PM NARENDRA MODI AT AKASAKA PALACE IN TOKYO News by Darshana Jamindar Official Welcome Ceremony of Prime Minister Narendra Modi at Akasaka Palace Tokyo
PM Narendra Modi meets SAARC leaders in Delhi after swearing
VIDEO OF NARENDRA MODI MEETS SAARC LEADERS IN DELHI Prime Minister of India, Narendra Modi meets SAARC leaders in Delhi after swearing in ceremony. Modi Afghan President Hamid Karzai,Bhutan Prime Minister Tshering Tobgay, Maldives President Abdulla Yameen, Sri Lankan President Mahinda Rajapaksha and Prime Minister of Mauritius Navin Ramgoolam.
Anandiben Patel Gujarat CM unfurls national flag at Patan
VIDEO OF ANANDIBEN PATEL UNFURLS FLAG ON INDEPENDENCE DAY AT PATAN Anandiben Patel Chief Minister unfurls national flag in Patan on Independence Day