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