Indirect Tax Revenue rises 5.8% during Apr-Sep 2014-15
The overall growth in indirect tax revenue collections has increased from Rs 2,28,619 crore in April-Sep 2013-14 toRs. 2,41,811 crore during April-Sep 2014-15 registering an increase of 5.8%. It is an achievement of 38.8% of the Budget Estimates for 2014-15. Service Tax collections have also increased from Rs. 68,506 crore in April-Sep 2013-14 to Rs. 77,466 crore during April-Sep 2014-15 registering an increase of 13%.
There was a decline of (-)0.6% in collections of Central Excise from Rs. 75,470 crore in April-Sep 2013-14 to Rs 75,021 crore during April-Sep 2014-15 and customs from Rs. 84,643 crore in April-Sep 2013-14 to Rs. 89,324 crore during April-Sep 2014-15 registering an increase of 5.5% over the corresponding period in the previous year.
Indirect Tax Revenue Collections (Rs. in crores)
Tax Head | B.E. 2014-15 | For the month Sep | % Growth | For the period April – Sep | % Growth | % of BE achieved | ||
2013-14 | 2014-15 | 2013-14 | 2014-15 | |||||
Customs | 201819 | 13644 | 18116 | 32.8 | 84643 | 89324 | 5.5 | 44.3 |
Central Excise* | 205452 | 14339 | 14288 | (-)0.4 | 75470 | 75021 | (-)0.6 | 36.5 |
Service Tax | 215973 | 14755 | 15608 | 5.8 | 68506 | 77466 | 13.1 | 35.9 |
Total | 623244 | 42738 | 48012 | 12.3 | 228619 | 241811 | 5.8 | 38.8 |
Source: Ministry of Finance, Government of India