Service tax collection up in Mumbai

PTI Mumbai | Updated on January 17, 2018 Published on July 17, 2016

Service tax collection by the city zone department in the first quarter has increased by 23 per cent, which has helped it surpass the target by nearly 4 per cent for the period.

Service tax mop-up from Mumbai zone rose 22.9 per cent to ₹17,583 crore as of end June from ₹14,307 crore a year ago, according to the data from the Service Tax Department.

Moreover, the zone has exceeded the collection target by 3.6 per cent, up from ₹16,969 crore. For the current fiscal, the Mumbai zone has been given a revenue collection target of ₹76,300 crore. Last fiscal, the zone had collected a revenue of ₹68,714 crore.

Published on July 17, 2016
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