Indirect Tax Revenue (Provisional) Collections Increase from Rs 2,69,909 Crore in April-October 2013 to Rs.2,85,126 Crore During April-October 2014; Registering an Increase of 5.6% During April-October 2014 over the Corresponding Period in the Previous Year; Service Tax Collections Increase by 10.9% During the Same Period
Indirect Tax Revenue (Provisional) collections have increased from Rs 2,69,909 crore in April-October 2013 to Rs.2,85,126 crore during April-October 2014. Thus an increase of 5.6 % has been registered during April-October 2014 over the corresponding period in the previous year. This is an overall achievement of 45.7% of the target fixed at BE 2014-15.
Service Tax collections have increased from Rs.81,758 crore in April-October 2013 to Rs. 90,673 crore during April-October 2014 registering an increase of 10.9%. This amounts to an achievement of 42.0 % of the target fixed at BE 2014-15.
Collections from Customs increased from Rs.98.707 crore during April-October 2013 to Rs.1,06.123 crore during April-October 2014 registering an increase of 7.5%. This is an achievement of 52.6% of the target fixed at BE 2014-15
Details of Indirect Tax Revenue (Provisional) Collections during April-October 2014, along with growth rate compared to the corresponding period in the previous year are as follows:.
For the period April – October 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 | 14064 | 16800 | 19.5 | 98707 | 106123 | 7.5 | 52.6 |
| Central Excise* | 205452 | 13974 | 14169 | 1.4 | 89444 | 88330 | (-) 1.2 | 43.0 |
| Service Tax | 215973 | 13252 | 13415 | 1.2 | 81758 | 90673 | 10.9 | 42.0 |
| Total | 623244 | 41290 | 44384 | 7.5 | 269909 | 285126 | 5.6 | 45.7 |
*Exclusive of cess administered by other departments.
Source- PIB
