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.
