Indirect tax collection increases by a modest 4.5 percent

Indirect Tax Revenue (Provisional) Collections During April-June 2014 Increase from Rs 1,08,639 Crore to Rs.1,13,570 Crore Registering an Increase of 4.5 % over the Corresponding Period in last Financial Year

The overall growth in Indirect Tax Revenue (Provisional) Collections during the first quarter of current fiscal year i.e. April-June 2014 have increased from Rs. 1,08,639 crore to Rs.1,13,570 crore registering an increase of 4.5 % over the corresponding period (April –June 2013) in last financial year. Service Tax collections alone during April-June 2014 have increased from Rs.32,617 crore (April –June 2013) to Rs 38,862 crore (April-June, 2014).

Details of overall Indirect Tax revenue (provisional) collections during April-June 2014, along with growth rate compared to the corresponding period in the previous year are as follows:

For the period April – June 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	% Growth	2013-14	2014-15	% growth	% of BE achieved
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

*Exclusive of cess administered by other departments.

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