Indirect tax collection increases by 5.6% During April-October 2014

Indirect tax collection increases by 5.6% During April-October 2014

Indirect Tax Revenue (Provisional) Collections Increase from Rs 2,69,909 Crore in April-October 2013 to Rs.2,85,126 Crore During April-October 2014; Registering an Increase of 5.6% During April-October 2014 over the Corresponding Period in the Previous Year; Service Tax Collections Increase by 10.9% During the Same Period

Indirect Tax Revenue (Provisional) collections have increased from Rs 2,69,909 crore in April-October 2013 to Rs.2,85,126 crore during April-October 2014. Thus an increase of 5.6 % has been registered during April-October 2014 over the corresponding period in the previous year. This is an overall achievement of 45.7% of the target fixed at BE 2014-15.

Service Tax collections have increased from Rs.81,758 crore in April-October 2013 to Rs. 90,673 crore during April-October 2014 registering an increase of 10.9%. This amounts to an achievement of  42.0 % of the target fixed at BE 2014-15.

Collections from Customs increased from Rs.98.707 crore during April-October 2013 to Rs.1,06.123 crore during April-October 2014 registering an increase of 7.5%. This is an achievement of 52.6% of the target fixed at BE 2014-15

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

For the period April – October 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	14064	16800	19.5	98707	106123	7.5	52.6
Central Excise*	205452	13974	14169	1.4	89444	88330	(-) 1.2	43.0
Service Tax	215973	13252	13415	1.2	81758	90673	10.9	42.0
Total	623244	41290	44384	7.5	269909	285126	5.6	45.7

*Exclusive of cess administered by other departments.