Indirect tax revenue jumps by 32.6 percent


Indirect tax revenue jumps by 32.6 percent

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Income Tax
Indirect Tax Revenue (Provisional) Collections Increase to Rs. 61,284 crore in September 2015 from Rs. 46,224 crore in Spetember 2014 ; Thus an Increase of 32.6% has been Registered in Collections During September 2015 over the Corresponding Period in the Previous Year
Indirect Tax Revenue (Provisional) Collections Increase to Rs. 61,284 crore in September 2015 from Rs. 46,224 crore in Spetember 2014 ; Thus an Increase of 32.6% has been Registered in Collections During September 2015 over the Corresponding Period in the Previous Year 
 

Indirect Tax Revenue (Provisional) collections have increased from Rs 46,224 crore in September 2014 to Rs. 61,284 crore during September- 2015. Thus an increase of 32.6% has been registered during September - 2015 over the corresponding period in the previous year. This is an achievement of 50.6% of the target fixed for BE 2015-16.

Central Excise collections have increased from Rs. 13,356 crore in September 2014 to Rs. 22,489 crore during September 2015 thus registering an increase of 68.4%.  This is an achievement of55.0% of the target fixed at BE 2015-16.

Service Tax collections have increased from Rs. 15,158 crore in September 2014 to Rs.  20,483 crore during September 2015 registering an increase of 35.1%. This is an achievement of 45.5%of the target fixed at BE 2015-16.

Customs collections have increased from Rs.17,710 crore in September 2014 to Rs. 18,312 crore during September 2015 registering an increase of  3.4%. This is an achievement of 49.7% of the target fixed for BE 2015-16.

Details of Indirect Tax revenue (provisional) collections during the month September 2015, along with growth rate compared to the corresponding period in the previous year.

For the month September 2015

(Rs. in crores)

Tax Head

 

For September

Upto September

% of BE achievement

 

B.E.

2015-16

2014-15

2015-16

% Growth

2014-15

2015-16

% Growth

Customs

208336

17710

18312

3.4

88031

103450

17.5

49.7

Central Excise*

228157

13356

22489

68.4

74019

125530

69.6

55.0

Service Tax

209774

15158

20483

35.1

76851

95493

24.3

45.5

Total

646267

46224

61284

32.6

238901

324473

35.8

50.2

*Exclusive of cess administered by other departments.

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