Indirect Tax Revenue collections increased in India
Registering an Increase of 6.7% During April-December 2014 over the Corresponding Period in the Previous Year; Customs Collections Increase by 9.7 % While Service Tax Collections Increase by 8.7 % During the Same Period
Indirect Tax Revenue (Provisional) collections
have increased from Rs 3,54,049 crore in April-December 2013 to Rs. 3,77,648 crore during April-December 2014. Thus an increase of 6.7
% has been registered during April-November 2014 over the corresponding period
in the previous year. This is an achievement of 60.6% of the target fixed for
BE 2014-15.
Collections
from Customs increased from Rs.1,26,285
crore
during
April-December 2013 to Rs.
1,38,529 crore during April-December 2014 registering
an increase of 9.7 %. This is an achievement of 68.6% of the target fixed for
BE 2014-15.
Service Tax collections have increased from Rs. 1,09,887 crore in April-December 2013 to Rs.1,19,400 crore during April-December 2014 registering an increase of
8.7%. This amounts to an achievement of 55.3 % of the target fixed at BE
2014-15.
Central Excise collections have increased from Rs. 1,17,887 crore in April-December 2013 to Rs.1,19,719 crore during April-December 2014 registering an increase of 1.6%. This amounts to an achievement of 58.3 % of the target fixed at BE 2014-15.
Details of Indirect Tax revenue (provisional) collections during April-December 2014, along with growth rate compared to the corresponding period in the previous year.
For the period April – December 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
|
14441 |
15222 |
5.4 |
126285 |
138529 |
9.7 |
68.6 |
|
Central Excise* |
205452
|
14889 |
17450 |
17.2 |
117877 |
119719 |
1.6 |
58.3 |
|
Service Tax |
215973
|
17905 |
16979 |
-5.2 |
109887 |
119400 |
8.7 |
55.3 |
|
Total |
623244
|
47235 |
49651 |
5.1 |
3540494 |
377648 |
6.7 |
60.6 |
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