Financial Daily from THE HINDU group of publications Tuesday, Apr 06, 2004 |
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Industry & Economy
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Excise and Customs Mysore zone posts 103.28% jump in service tax collection Our Bureau
Mangalore , April 5 THE Mysore zone of the Central Excise Chief Commissionerate, comprising Mangalore, Mysore and Belgaum Commissionerates, registered an increase of 103.28 per cent in service tax collection and 34 per cent in Central Excise duty during 2003-04 compared to the previous financial year. Service tax collection, which stood at Rs 55.54 crore during 2002-03, reached Rs 112.9 crore during 2003-04. The Central Excise duty collection increased to Rs 2,877 crore in the last fiscal compared to Rs 2,144.81 crore the previous year. Mangalore Commissionerate, which collected Rs 1,535.92 crore Central Excise duty during 2003-04, topped the list. It has shown 52.85 per cent increase in the collection compared to 2002-03. Addressing presspersons here on Monday, the Chief Commissioner of Central Excise, Mysore Zone, Mr G.K. Pillai, said that the performance was achieved by increase in production and speedy conclusion of adjudication cases. Proper guidance to assessees has also helped in achieving this feat. The Mysore Zone stood second in revenue collection all over India, he said. Several meetings were held with service tax assessees to make them aware of their rights and responsibilities in the payment of tax. The zone has detected tax evasion of Rs 89 crore. Of this, Rs 5.4 crore has been realised, and other cases are under investigation and adjudication. Mr Pillai said that the zone has detected a huge service tax evasion by a public sector insurance company. At the instance of this zone more than Rs 254 crore has been collected from that company all over India. In Mysore zone alone, the defaulter has paid Rs 10.5 crore, he said. Another unit, which did not pay proper Central Excise duty, has come forward with a payment of more than Rs 3 crore, he said. Stating that there has been a tremendous increase in the tax base expansion, he said that there were 3,497 new registrations for service tax during 2003-04. The total number of service tax payers in the zone is 7,085. Asked about service tax evasion by cable television operators, Mr Pillai said that the department would look into the matter.
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