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 | 2013-14 | 2014-15 | ||||
| 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 |
*Exclusive of cess administered by other departments.
We will have to wait for Govt orders in this regard.