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Service tax collection increases by 16.4 percent

Posted on 20 August 2014,    
 13356    Share  Report

Indirect Tax Revenue (Provisional) Collections Increase from Rs 1,48,588 Crore in April-July 2013 to Rs.1,54,350 Crore During April-July 2014; Registering an Increase of 3.9% During April-July 2014 over the Corresponding Period in the Previous Year; Service Tax Collections Increase by 16.4% during the Same Period 
 

Indirect Tax Revenue (Provisional) collections have increased from Rs 1,48,588 crore in April-July 2013 to Rs.1,54,350 crore during April-July 2014. Thus an increase of 3.9% has been registered during April-July 2014 over the corresponding period in the previous year. Service Tax collections have increased from Rs.43,693 crore in April-July 2013 to Rs. 50,850 crore during April-July 2014 registering an increase of 16.4%.

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

For the period April – July 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

15730

15756

0.2

56526

55305

(-) 2.2

27.4

Central Excise*

205452

13143

14127

7.5

48369

48195

(-) 0.4

23.5

Service Tax

215973

11076

12007

8.4

43693

50850

16.4

23.5

Total

6,23,244

39,949

41,890

4.9

148588

154350

3.9

24.8

*Exclusive of cess administered by other departments.

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