Indirect tax revenue jumps by 32.6 percent

Posted on    10 October 2015

Indirect Tax Revenue (Provisional) Collections Increase to Rs. 61,284 crore in September 2015 from Rs. 46,224 crore in Spetember 2014 ; Thus an Increase of 32.6% has been Registered in Collections During September 2015 over the Corresponding Period in the Previous Year 
 

Indirect Tax Revenue (Provisional) collections have increased from Rs 46,224 crore in September 2014 to Rs. 61,284 crore during September- 2015. Thus an increase of 32.6% has been registered during September - 2015 over the corresponding period in the previous year. This is an achievement of 50.6% of the target fixed for BE 2015-16.

 

Central Excise collections have increased from Rs. 13,356 crore in September 2014 to Rs. 22,489 crore during September 2015 thus registering an increase of 68.4%.  This is an achievement of55.0% of the target fixed at BE 2015-16.

 

Service Tax collections have increased from Rs. 15,158 crore in September 2014 to Rs.  20,483 crore during September 2015 registering an increase of 35.1%. This is an achievement of 45.5%of the target fixed at BE 2015-16.

 

Customs collections have increased from Rs.17,710 crore in September 2014 to Rs. 18,312 crore during September 2015 registering an increase of  3.4%. This is an achievement of 49.7% of the target fixed for BE 2015-16.

 

Details of Indirect Tax revenue (provisional) collections during the month September 2015, along with growth rate compared to the corresponding period in the previous year.

 

For the month September 2015

(Rs. in crores)

Tax Head

 

For September

Upto September

% of BE achievement

 

B.E.

2015-16

2014-15

2015-16

% Growth

2014-15

2015-16

% Growth

 

Customs

 

208336

 

 

17710

 

18312

 

3.4

 

88031

 

103450

 

17.5

 

49.7

Central Excise*

 

228157

 

 

13356

 

22489

 

68.4

 

74019

 

125530

 

69.6

 

55.0

Service Tax

 

209774

 

 

15158

 

20483

 

35.1

 

76851

 

95493

 

24.3

 

45.5

 

Total

 

646267

 

 

46224

 

61284

 

32.6

 

238901

 

324473

 

35.8

 

50.2

*Exclusive of cess administered by other departments.



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