Concerned over low service tax realisation, Revenue Secretary Shaktikanta Das today asked the CBEC (Customs, Central Excise and Service Tax) to analyse revenue mop-up sectorally and ensure that it grows by 20-22 per cent in the fiscal. "We need to analyse why service tax growth hovers around 16 per cent. I feel the potential in the growth of service tax is higher, so we need to analyse this sectorally, we need to analyse this in terms of various zones and find out why service taxes are not showing a slightly higher growth," he said, while addressing a conference of Chief Commissioners and Director Generals of CBEC.

Source - http://economictimes.indiatimes.com