Indirect tax collections have increased by over 16 per cent to 2,85,787 crore rupees during April-December in the country. This is mainly driven by an uptick in service tax collection. Total collection of indirect tax in Customs, Central Excise and Service Tax was 2,46,168 crore rupees in the same period last year.
Chairman, Central Board of Excise and Customs (CBEC) S K Goel told reporters while releasing the data that the indirect tax collection in three quarters of 2011-12 is about 72.7 per cent of the Budget Estimates. Mr Goel further said that Service Tax collection continues to be strong and has shown 48.6 per cent expansion in December to 9,665 crore rupees from the year ago period. The collection has shown a growth despite 36,000 crore rupees revenue on account of customs and excise tax cut on petroleum products.