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

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