Excise collection up 2%, service tax 14% in WB

Central excise collection increased by nearly 2 per cent and service tax by 14-16 per cent during the FY 2013-14 for the Kolkata circle, but is short of the revised target.

"The final numbers are not yet released but approximately our excise collection has grown by 2 per cent and service tax by 14-16 per cent (during FY 2013-14) for our circle comprising West Bengal, Andamans and Sikkim," Chief Commissioner of Central Excise and Service tax, (Kolkata) Kameswari Subramanian told PTI here.

Collection from Andamans and Sikkim is negligible in the total collection for the circle.

"Though, we have missed the revised targets in both excise and service tax by 7 per cent and 8.6 per cent for 2013-14, our total collection has gone up over 2012-13," she said on the sidelines of an interactive session with members of the Bengal Chamber.

In 2012-13, the total collection for central excise in the circle was at Rs 8365.80 crore, and in case of service tax it was Rs 5441.29 crore, commissioner service tax C M Chandolia said.

EDITORIAL OF THE DAY

  • Realtors must lower the ratio of capital value to rental income to entice buyers

    Real estate prices are likely to witness a correction in the coming festival season, according to a report put out in this newspaper on Monday, with p

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

BK Chaturvedi

Undermining demographic dividend

Development and economic growth of nations is built upon the ...

Kuruvilla Pandikattu

Imperfection makes you more human

For all those who live in fear of making a ...

Shona Adhikari

Artistic focus on women's empowerment

The focus on the girl child remains an important one ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture