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

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) 

Taxclick Team
This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.

Leave a Comment