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 ₹ 3,54,049 crore in April-December 2013 to ₹ 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 ₹ 1,26,285 crore during April-December 2013 to ₹ 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 ₹ 1,09,887 crore in April-December 2013 to ₹ 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 ₹ 1,17,887 crore in April-December 2013 to ₹ 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
|