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Indirect Tax Revenue Collections Increase from Rs. 3,54,049 Crore in April-December 2013 to Rs. 3,77,648 Crore During April-December 2014 - All About Finance

Indirect Tax Revenue Collections Increase from Rs. 3,54,049 Crore in April-December 2013 to Rs. 3,77,648 Crore During April-December 2014

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Registering an Increase of 6.7% During April-December 2014 over the Corresponding Period in the Previous Year; Customs Collections Increase by 9.7 % While Service Tax Collections Increase by 8.7 % During the Same Period

                 Indirect Tax Revenue (Provisional) collections have increased from Rs 3,54,049 crore in April-December 2013 to Rs. 3,77,648 crore during April-December 2014. Thus an increase of 6.7 % has been registered during April-November 2014 over the corresponding period in the previous year. This is an achievement of 60.6% of the target fixed for BE 2014-15.

                                 

Collections from Customs increased from Rs.1,26,285 crore during April-December 2013 to Rs. 1,38,529 crore during April-December 2014 registering an increase of 9.7 %. This is an achievement of 68.6% of the target fixed for BE 2014-15.

                          

Service Tax collections have increased from Rs. 1,09,887 crore in April-December 2013 to Rs.1,19,400 crore during April-December 2014 registering an increase of 8.7%. This amounts to an achievement of 55.3 % of the target fixed at BE 2014-15.

                            

  Central Excise collections have increased from Rs. 1,17,887 crore in April-December 2013 to Rs.1,19,719 crore during April-December 2014 registering an increase of 1.6%. This amounts to an achievement of 58.3 % of the target fixed at BE 2014-15.

 Details of Indirect Tax revenue (provisional) collections during April-December 2014, along with growth rate compared to the corresponding period in the previous year.

For the period April – December 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

 

14441

15222

5.4

126285

138529

9.7

68.6

Central Excise*

205452

 

14889

17450

17.2

117877

119719

1.6

58.3

Service Tax

215973

 

 

17905

16979

-5.2

109887

119400

8.7

55.3

Total

623244

 

47235

49651

5.1

3540494

377648

6.7

60.6

*Exclusive of cess administered by other departments.

*****

DSM/KA

 

(Release ID :114603) 

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