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Central excise revenue collections show an up-trend

Central excise revenue collections show an up-trend

Mangalore Today News Network

Mangalore, Feb 26, 2015 : Speaking at Central Excise Day on Feb 24, Central Excise & Service Tax Commissioner Dr M Subramanyam said the commissionerate has collected Rs 3,657 crore as central excise revenue against Rs 3,058 crore in 2013-14.A 20% improvement on the previous year.

Central excise revenue collections show an up-trendService Tax revenue collection stood at Rs 432 crore against Rs 401 crore of the last year. The number of new registrations during 2014-15 was over 728, he said adding the audit recovery, recovery of arrears, anti- evasion, detailed scrutiny of returns, added to the rise in revenues.

Highlighting the performance of the commissionerate, he said, during the financial year the department has been facilitating the genuine trade and at the same time the habitually defaulting assesses were being targeted, thoroughly investigated and duty evaded recovered.

"The action taken by the Commissionerate has resulted in enhanced compliance levels by medium and small service providers besides mopping up of additional revenue," he said.

Earlier, speaking after inaugurating the celebrations, Nitte University Chancellor N Vinay Hegde said that it was the bounden duty of all law abiding citizens to pay their taxes voluntarily and make it easier for the Government departments to collect revenue due to the exchequer. He also reminded them of the unnecessary arrests and harassment done by the officers in certain cases.

At the same time, he suggested the government may take steps to recognize the tax compliant assessees so that they are encouraged to continue to pay the taxes willingly. He also stated that different tax structures in different states was a hindrance to economic development and a uniform  rational rate  is essential.

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