Revenue - Service Tax

Service Tax is a tax imposed by Government of India on services provided in India. The service provider collects the tax and pays the same to the government. It is charged on all services except the services covered in the negative list (Section 66d of Finance Act 1994) of services & services covered under Mega Exemption Notification (Notification No. 25/2012 ST dated 20.06.2012). The current rate is 12.36% on gross value of the services.

Service tax had been first levied at a rate of five per cent flat from 15 July 1994 till 13 May 2003, at the rate of 8% flat plus an education cess of 2% thereon w.e.f 10 September 2004 on services provided by service providers. The rate of service tax was enhanced to 12% by Finance Act, 2006 w.e.f 18.4.2006. Finance Act, 2007 has imposed a new secondary and higher education cess of one percent on the service tax w.e.f 11.5.2007, increasing the total education cess to three percent and a total levy of 12.36 percent. The revenue form the service tax to the Government of India have shown a steady rise since its inception in 1994. The total number of Taxable services have been increased since 1994. Accordingly, the tax collections have grown substantially. However, from 1 July 2012 the concept of taxation on services was changed from a ‘Selected service approach’ to a 'Negative List regime'. This changed the taxation system of services from tax on some Selected services to tax being levied on the every service other than services mentioned in Negative list.

Dhanbad Commissionerate (earlier Dhanbad Division) was carved out from erstwhile Ranchi Commissionerate which came into existence with w.e.f. 15.10.2014. Revenue collection for last five years of Dhanbad Commisssionerate is as below:

Revenue realized
Year PLA CENVAT
2010-11 78.66 24.40
2011-12 110.83 26.64
2012-13 153.86 28.10
2013-14 260.87 19.79
2014-15 205.37 22.81

REVENUE TREND IN RESPECT OF MAJOR UNITS OF THIS COMMISSIONERATE

S.NO.

Name of the Service Provider

Revenue realized (Rs. in Crores)

 

 

2012-13

2013-14

1

DHANSAR ENGG. CO.

27.76

27.18

2

M/s C.I.S.F, DHANBAD/BCCL PAY office

11.32

17.39

3

BSNL,DHANBAD

05.16

04.74

4

BSNL,DUMKA

03.39

01.63

5

CMRI,DHANBAD

02.85

03.63

6

CMPDIL,DHANBAD

02.08

03.50


S.NO.

Name of the Service Provider

Revenue realized (Rs. in Crores)

 

 

2013-14

2014-15

1

DHANSAR ENGG. CO.

27.18

33.18

2

M/s C.I.S.F, DHANBAD/BCCL PAY office

17.39

19.22

3

MAITHON POWER LIMITED

07.58

11.19

4

ECL RAJMAHAL AREA

06.33

08.81

5

BSNL,DHANBAD

04.74

04.77

6

CMRI,DHANBAD

03.63

04.61

REVENUE TREND IN RESPECT OF MAJOR SERVICES OF DHANBAD COMMISSIONERATE


S.NO.

Name of the Service Provider

Actual Revenue Realised

 

 

2012-13

2013-14

1

Service Outsourced for mining of minerals, oil or gas

56.8

54.54

2

Security Agency

16.30

12.36

3

Goods Transport Agency

14.10

24.57

4

Telecommunication

7.66

6.35

5

Consulting Engineers

2.41

4.88

6

Science & Technology

2.42

3.63

7

Banking & Financial Service

0.28

2.00


S.NO.

Name of the Service Provider

Actual Revenue Realised (Rs. in Crores)

 

 

2013-14

2013-14 (upto Feb.14)

2014-15(upto Feb. 15)

1

Service Outsourced for mining of minerals, oil or gas

54.54

41.46

59.20

2

Transport of Goods by Road/Goods Transport Agency Services

24.57

21.94

21.96

3

Work Contract Services

14.92

12.77

13.95

4

Security/ Detective Agency Services

12.26

10.79

20.07

5

Renting of immovable Property Services

05.12

04.64

03.08

6

Scientific And Technical Consultancy Services

04.88

04.34

03.68

7

Manpower Recruitment/ Supply Agency Service

04.41

04.00

04.26