Indirect Tax Revenue (Provisional) Collections Increase by 3.9% during April-July 2014 y-o-y

Indirect Tax Revenue (Provisional) collections have increased from Rs 1,48,588 crore in April-July 2013 to Rs.1,54,350 crore during April-July 2014. Thus an increase of 3.9% has been registered during April-July 2014 over the corresponding period in the previous year. Service Tax collections have increased from Rs.43,693 crore in April-July 2013 to Rs. 50,850 crore during April-July 2014 registering an increase of 16.4%.

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

For the period April - July 2014Tax 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 15730 15756 0.2 56526 55305 (-) 2.2 27.4Central Excise* 205452 13143 14127 7.5 48369 48195 (-) 0.4 23.5Service Tax 215973 11076 12007 8.4 43693 50850 16.4 23.5Total 623244 39949 41890 4.9 148588 154350 3.9 24.8*Exclusive of cess administered by other departments. (Rs. in crores)

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