2 Indirect Tax Collection during April-November 2014 increases by 7.1%

Indirect Tax Revenue (Provisional) Collections Increase from Rs.3,06,814 Crore in April-November 2013 to Rs. 3,28,662 Crore During April-November 2014; Registering an Increase of 7.1% during April-November 2014 Over the Corresponding Period in the Previous Year; Service Tax Collections Increase by 11.5% During the Same Period

Indirect Tax Revenue (Provisional) collections have increased from Rs 3,06,814 crore in April-November 2013 to Rs. 3,28,662 crore during April-November 2014. Thus an increase of 7.1% has been registered during April-November 2014 over the corresponding period in the previous year.

Service Tax collections have increased from Rs. 91,982 crore in April-November 2013 to Rs.1,02,592 crore during April-November 2014 registering an increase of 11.5%. This amounts to an achievement of 47.5 % of the target fixed at BE 2014-15.

Collections from Customs increased from Rs.1,11,844 crore during April-November 2013 to Rs. 1,23,308 crore during April-November 2014 registering an increase of 10.2%. This is an achievement of 61.1% of the target fixed at BE 2014-15.

Details of Indirect Tax revenue (provisional) collections during April-November 2014, along with growth rate compared to the corresponding period in the previous year.

For the period April – November 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

 

13137 17185 30.8 111844 123308 10.2 61.1
Central Excise* 205452

 

13544 14952 10.4 102988 102762 (-) 0.2 50.0
Service Tax 215973

 

 

10224 11923 16.6 91982 102592 11.5 47.5
Total 623244

 

36905 44060 19.4 306814 328662 7.1 52.7

*Exclusive of cess administered by other departments. (Source- PIB)

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