Indirect Tax Revenue (Provisional) Collections increase from Rs 1,85,881 Crore in April-August 2013 to 1,94,492 Crore during April-August 2014;

Registering an increase of 4.6% during April-August 2014 over the Corresponding Period in the previous year;

Service Tax Collections increase by 15.1% during the same Period

Indirect Tax Revenue (Provisional) collections have increased from Rs 1,85,881crore in April-August 2013 to Rs. 1,94,492crore during April-August 2014. Thus an increase of 4.6 % has been registered during April-August 2014 over the corresponding period in the previous year. Overall, it is an achievement of 31.2 % of the Budget Estimates for 2014-15. Service Tax collections have also increased from Rs. 53,751 crore in April-August 2013 to Rs. 61,870 crore during April-August 2014 registering an increase of 15.1%. Similarly, there was an increase in collections of Central Excise from Rs. 61,131 crore in April-August 2013 to Rs 61,415 crore during April-August 2014, an increase of 0.5 % and customs from Rs. 70,999 crore in April-August 2013  to Rs.71,207 crore during April-August 2014, an increase of 0.3% over the corresponding period in the previous year.

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

For the period April – August 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

 

14473 15902 9.9 70999 71207 0.3 35.3
Central Excise* 205452

 

12762 13782 8.0 61131 61415 0.5 29.9
Service Tax 215973

 

 

10059 10960 9.0 53751 61870 15.1 28.6
Total 623244

 

37293 40644 9.0 185881 194492 4.6 31.2

 *Exclusive of cess administered by other departments.

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