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Service tax collection increases by 10.9 percent

Posted on 13 November 2014,    
 11766    Share  Report
Indirect Tax Revenue (Provisional) Collections Increase from Rs 2,69,909 Crore in April-October 2013 to Rs.2,85,126 Crore During April-October 2014; Registering an Increase of 5.6% During April-October 2014 over the Corresponding Period in the Previous Year; Service Tax Collections Increase by 10.9% During the Same Period 
 

Indirect Tax Revenue (Provisional) collections have increased from Rs 2,69,909 crore in April-October 2013 to Rs.2,85,126 crore during April-October 2014. Thus an increase of 5.6 % has been registered during April-October 2014 over the corresponding period in the previous year. This is an overall achievement of 45.7% of the target fixed at BE 2014-15.

Service Tax collections have increased from Rs.81,758 crore in April-October 2013 to Rs. 90,673 crore during April-October 2014 registering an increase of 10.9%. This amounts to an achievement of  42.0 % of the target fixed at BE 2014-15.

Collections from Customs increased from Rs.98.707 crore during April-October 2013 to Rs.1,06.123 crore during April-October 2014 registering an increase of 7.5%. This is an achievement of 52.6% of the target fixed at BE 2014-15

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

For the period April – October 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

14064

16800

19.5

98707

106123

7.5

52.6

Central Excise*

205452

13974

14169

1.4

89444

88330

(-) 1.2

43.0

Service Tax

215973

13252

13415

1.2

81758

90673

10.9

42.0

Total

623244

41290

44384

7.5

269909

285126

5.6

45.7

*Exclusive of cess administered by other departments.

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