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.
CAclubindia
