With effect from 1 June, Service Tax rate has been raised from 12.36 % from 14 % rise. Ahmedabad Zone observed 25 % rise in current fiscal year. Ahmedabad Zone made collection of Rs 6535 crores. For the past 2 years, Real Estate sector was under recession which was a major contributor to Service Tax will regain its position expects Tax officials.In fiscal year 2015-16, Central Excise targets 30% increase in Ahmedabad Zone including Ahmedabad, Rajkot, Bhavnagar and all areas are included. Ahmedabad Zone in 2014-15 fiscal year collected Rs 5237 crores service against Rs 6535 crores in the year 2015-16. Increased use of internet in telecom sector will compensate loss to tax revenue this year, the department is expected to achieve its target of 25 %.
