Friday 25 July 2014


 

Indirect Tax Revenue rises 4.5% during Apr-June 2014

 

The overall growth in indirect tax revenue collections during April-June 2014 have increased from Rs. 1,08,639 crore in Apr-June 2013-14 to Rs.1,13,570 crore in April –June 2014-15 registering an increase of 4.5%. Service Tax collections have increased from Rs.32,617 crore in April –June 2013-14 to Rs 38,862 crore during April-June  2014-15 with a growth rate of 19% .However, tax revenue from customs and central excise have declined and recorded negative growth of (-) 3.1% and (-) 0.2% respectively during Apr-June 2014-15.

Indirect Tax Revenue Collections                                                                                                     (Rs. in crores)
Tax Head

June 2014
% Growth
April – June
% 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
Source: Ministry of Finance, Government of India

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