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Indirect tax collection increased by 46.20% from April 2014 to April 2015 - All About Finance

Indirect tax collection increased by 46.20% from April 2014 to April 2015

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Indirect Tax Revenue (Provisional) Collections increase from Rs. 32,661 Crore in April, 2014 to Rs.47,747 Crore during April 2015, thus registering an Increase of 46.2% during the month of April 2015 over the corresponding period in the previous year. This is an achievement of 7.4 % of the target fixed for BE 2015-16.

 

Central Excise collections have increased from Rs. 8,655 crore in April, 2014 to Rs. 18,373 crore during April, 2015 registering an increase of 112.3 %.  This is an achievement of 8.1% of the target fixed at BE 2015-16.

 

Customs collections have increased from Rs.11,555 crore during April, 2014 to Rs.14,286 crore during April, 2015 registering an increase of  23.6  %. This is an achievement of 6.9 % of the target fixed for BE 2015-16.

 

Service Tax collections have increased from Rs. 12,451 crore in April, 2014 to Rs. 15,088 crore during April, 2015 registering an increase of 21.2 %. This is an achievement of 7.2 % of the target fixed at BE 2015-16.

 

 Details of Indirect Tax revenue (provisional) collections during the month April 2015, along with growth rate compared to the corresponding period in the previous year are as follows:.

  

 (Rs. in crores)

Tax Head

 

For April

% Growth

% of BE achieved

 

B.E.

2015-16

2014-15

2015-16

 

Customs

 

208336

 

 

11555

 

14286

 

23.6

 

6.9

Central Excise*

 

228157

 

 

8655

 

18373

 

112.3

 

8.1

Service Tax

 

209774

 

 

12451

 

15088

 

21.2

 

7.2

 

Total

 

646267

 

 

32661

 

47747

 

46.2

 

7.4

 

*Exclusive of cess administered by other departments.

 

*****

Source: PIB

Related posts:

  1. Indirect Tax Revenue collections during April-June 2015 increase by 37.4 % over the corresponding period
  2. Indirect Tax Revenue collections during October 2015 increased by 36.8% as compared with collections made in October 2014
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