Indirect Tax Revenue (Provisional) Collections Increase from Rs. 3,54,049 Crore in April-December 2013 to Rs. 3,77,648 Crore During April-December 2014;

Registering an Increase of 6.7% During April-December 2014 over the Corresponding Period in the Previous Year; Customs Collections Increase by 9.7 % While Service Tax Collections Increase by 8.7 % During the Same Period

Indirect Tax Revenue (Provisional) collections have increased from Rs 3,54,049 crore in April-December 2013 to Rs. 3,77,648 crore during April-December 2014. Thus an increase of 6.7 % has been registered during April-November 2014 over the corresponding period in the previous year. This is an achievement of 60.6% of the target fixed for BE 2014-15.

Collections from Customs increased from Rs.1,26,285 crore during April-December 2013 to Rs. 1,38,529 crore during April-December 2014 registering an increase of 9.7 %. This is an achievement of 68.6% of the target fixed for BE 2014-15.

Service Tax collections have increased from Rs. 1,09,887 crore in April-December 2013 to Rs.1,19,400 crore during April-December 2014 registering an increase of 8.7%. This amounts to an achievement of 55.3 % of the target fixed at BE 2014-15.

Central Excise collections have increased from Rs. 1,17,887 crore in April-December 2013 to Rs.1,19,719 crore during April-December 2014 registering an increase of 1.6%. This amounts to an achievement of 58.3 % of the target fixed at BE 2014-15.

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

For the period April – December 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

 

14441 15222 5.4 126285 138529 9.7 68.6
Central Excise* 205452

 

14889 17450 17.2 117877 119719 1.6 58.3
Service Tax 215973

 

 

17905 16979 -5.2 109887 119400 8.7 55.3
Total 623244

 

47235 49651 5.1 3540494 377648 6.7 60.6

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

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