Indirect tax collection increases by a modest 4.5 percent

Posted on    25 July 2014

Indirect Tax Revenue (Provisional) Collections During April-June 2014 Increase from Rs 1,08,639 Crore to Rs.1,13,570 Crore Registering an Increase of 4.5 % over the Corresponding Period in last Financial Year 
 

 The overall growth in Indirect Tax Revenue (Provisional) Collections during the first quarter of current fiscal year i.e. April-June 2014 have increased from Rs. 1,08,639 crore to Rs.1,13,570 crore registering an increase of 4.5 % over the corresponding period (April –June 2013) in last financial year. Service Tax collections alone during April-June 2014 have increased from Rs.32,617 crore (April –June 2013) to Rs 38,862 crore (April-June, 2014).

       

Details of overall Indirect Tax revenue (provisional) collections during April-June 2014, along with growth rate compared to the corresponding period in the previous year are as follows:

 

For the period April – June 2014

                                                                                                                                                                                                                                                                                            (Rs. in crores)

Tax Head

 

For the month

% Growth

Upto the month

% growth

% of BE achieved

 

B.E.

2014-15

2013-14

2014-15

2013-14

2014-15

Customs

201819

 

13494

14308

6.0

40796

39549

(-) 3.1

19.6

Central Excise*

205452

 

13566

14666

8.1

35226

35159

(-) 0.2

17.1

Service Tax

215973

 

 

12025

15382

27.9

32617

38862

19.1

18.0

Total

623244

 

39085

44356

13.5

108639

113570

4.5

18.2

 

*Exclusive of cess administered by other departments.



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