Indirect tax revenue touches 60.6% of the target fixed for BE 2014-15
Indirect Tax Revenue collections have increased from Rs 3,54,049 crore in April-December 2013 to Rs 3,77,648 crore in 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.
Indirect Tax revenue collections during April-December 2014 (Rs in crore)Tax Head B.E. 2014-15 December April-December % of BE achieved2013-14 2014-15 % Growth 2013-14 2014-15 % GrowthCustoms 201819 14441 15222 5.4 126285 138529 9.7 68.6Central Excise* 205452 14889 17450 17.2 117877 119719 1.6 58.3Service Tax 215973 17905 16979 -5.2 109887 119400 8.7 55.3Total 623244 47235 49651 5.1 3540494 377648 6.7 60.6*Exclusive of cess administered by other departments.Powered by Capital Market - Live News
