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Indirect tax revenue increases to 1.94 lakh crore

Posted on 13 September 2014,    
 13062    Share  Report

Indirect Tax Revenue (Provisional) Collections increase from Rs 1,85,881 Crore in April-August 2013 to 1,94,492 Crore during April-August 2014; 
Registering an increase of 4.6% during April-August 2014 over the Corresponding Period in the previous year; 
Service Tax Collections increase by 15.1% during the same Period 

 

Indirect Tax Revenue (Provisional) collections have increased from Rs 1,85,881crore in April-August 2013 to Rs. 1,94,492crore during April-August 2014. Thus an increase of 4.6 % has been registered during April-August 2014 over the corresponding period in the previous year. Overall, it is an achievement of 31.2 % of the Budget Estimates for 2014-15. Service Tax collections have also increased from Rs. 53,751 crore in April-August 2013 to Rs. 61,870 crore during April-August 2014 registering an increase of 15.1%. Similarly, there was an increase in collections of Central Excise from Rs. 61,131 crore in April-August 2013 to Rs 61,415 crore during April-August 2014, an increase of 0.5 % and customs from Rs. 70,999 crore in April-August 2013  to Rs.71,207 crore during April-August 2014, an increase of 0.3% over the corresponding period in the previous year.

Details of Indirect Tax Revenue (Provisional) Collections during April-August 2014, along with growth rate compared to the corresponding period in the previous year are as follows:

For the period April – August 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

14473

15902

9.9

70999

71207

0.3

35.3

Central Excise*

205452

12762

13782

8.0

61131

61415

0.5

29.9

Service Tax

215973

10059

10960

9.0

53751

61870

15.1

28.6

Total

623244

37293

40644

9.0

185881

194492

4.6

31.2

*Exclusive of cess administered by other departments.

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