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Increase in indirect tax and service tax collection

Posted on 12 December 2014,    
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Indirect Tax Revenue (Provisional) Collections Increase from Rs.3,06,814 Crore in April-November 2013 to Rs. 3,28,662 Crore During April-November 2014; Registering an Increase of 7.1% during April-November 2014 Over the Corresponding Period in the Previous Year; Service Tax Collections Increase by 11.5% During the Same Period 
 

Indirect Tax Revenue (Provisional) collections have increased from Rs 3,06,814 crore in April-November 2013 to Rs. 3,28,662 crore during April-November 2014. Thus an increase of 7.1% has been registered during April-November 2014 over the corresponding period in the previous year.

Service Tax collections have increased from Rs. 91,982 crore in April-November 2013 to Rs.1,02,592 crore during April-November 2014 registering an increase of 11.5%. This amounts to an achievement of 47.5 % of the target fixed at BE 2014-15.

Collections from Customs increased from Rs.1,11,844 crore during April-November 2013 to Rs. 1,23,308 crore during April-November 2014 registering an increase of 10.2%. This is an achievement of 61.1% of the target fixed at BE 2014-15.

Details of Indirect Tax revenue (provisional) collections during April-November 2014, along with growth rate compared to the corresponding period in the previous year.

For the period April – November 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

13137

17185

30.8

111844

123308

10.2

61.1

Central Excise*

205452

13544

14952

10.4

102988

102762

(-) 0.2

50.0

Service Tax

215973

10224

11923

16.6

91982

102592

11.5

47.5

Total

623244

36905

44060

19.4

306814

328662

7.1

52.7

*Exclusive of cess administered by other departments.

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