Indirect Tax Collection During April-July 2014 increases by 3.9%

Indirect Tax Revenue (Provisional) Collections Increase from Rs 1,48,588 Crore in April-July 2013 to Rs.1,54,350 Crore During April-July 2014; Registering an Increase of 3.9% During April-July 2014 over the Corresponding Period in the Previous Year; Service Tax Collections Increase by 16.4% during the Same Period

Indirect Tax Revenue (Provisional) collections have increased from Rs 1,48,588 crore in April-July 2013 to Rs.1,54,350 crore during April-July 2014. Thus an increase of 3.9% has been registered during April-July 2014 over the corresponding period in the previous year. Service Tax collections have increased from Rs.43,693 crore in April-July 2013 to Rs. 50,850 crore during April-July 2014 registering an increase of 16.4%.

Details of Indirect Tax Revenue (Provisional) Collections during April-July 2014, along with growth rate compared to the corresponding period in the previous year are as follows:.

For the period April – July 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	% Growth	2013-14	2014-15	% growth	% of BE achieved
Customs	201819	15730	15756	0.2	56526	55305	(-) 2.2	27.4
Central Excise*	205452	13143	14127	7.5	48369	48195	(-) 0.4	23.5
Service Tax	215973	11076	12007	8.4	43693	50850	16.4	23.5
Total	6,23,244	39,949	41,890	4.9	148588	154350	3.9	24.8