Indirect Tax Revenue rises 5.8% during Apr-Sep 2014-15
The overall growth in indirect tax revenue collections has increased from Rs 2,28,619 crore in April-Sep 2013-14 toRs. 2,41,811 crore during April-Sep 2014-15 registering an increase of 5.8%. It is an achievement of 38.8% of the Budget Estimates for 2014-15. Service Tax collections have also increased from Rs. 68,506 crore in April-Sep 2013-14 to Rs. 77,466 crore during April-Sep 2014-15 registering an increase of 13%.
There was a decline of (-)0.6% in collections of Central Excise from Rs. 75,470 crore in April-Sep 2013-14 to Rs 75,021 crore during April-Sep 2014-15 and customs from Rs. 84,643 crore in April-Sep 2013-14 to Rs. 89,324 crore during April-Sep 2014-15 registering an increase of 5.5% over the corresponding period in the previous year.
Indirect Tax Revenue Collections (Rs. in crores)
Tax Head
|
B.E. 2014-15
|
For the month Sep
|
% Growth
|
For the period
April – Sep
|
% Growth
|
% of BE achieved
| ||
2013-14
|
2014-15
|
2013-14
|
2014-15
| |||||
Customs
|
201819
|
13644
|
18116
|
32.8
|
84643
|
89324
|
5.5
|
44.3
|
Central Excise*
|
205452
|
14339
|
14288
|
(-)0.4
|
75470
|
75021
|
(-)0.6
|
36.5
|
Service Tax
|
215973
|
14755
|
15608
|
5.8
|
68506
|
77466
|
13.1
|
35.9
|
Total
|
623244
|
42738
|
48012
|
12.3
|
228619
|
241811
|
5.8
|
38.8
|
Source: Ministry of Finance, Government of India
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