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

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