Indirect Tax Revenue rises 4.5% during Apr-June 2014
The overall growth in indirect tax revenue collections during April-June 2014 have increased from Rs. 1,08,639 crore in Apr-June 2013-14 to Rs.1,13,570 crore in April –June 2014-15 registering an increase of 4.5%. Service Tax collections have increased from Rs.32,617 crore in April –June 2013-14 to Rs 38,862 crore during April-June 2014-15 with a growth rate of 19% .However, tax revenue from customs and central excise have declined and recorded negative growth of (-) 3.1% and (-) 0.2% respectively during Apr-June 2014-15.
Indirect Tax Revenue Collections (Rs. in crores)
Tax Head
|
June 2014
|
% Growth
|
April – June
|
% growth
|
% of BE achieved
| |||
B.E.2014-15
|
2013-14
|
2014-15
|
2013-14
|
2014-15
| ||||
Customs
|
201819
|
13494
|
14308
|
6.0
|
40796
|
39549
|
(-) 3.1
|
19.6
|
Central Excise*
|
205452
|
13566
|
14666
|
8.1
|
35226
|
35159
|
(-) 0.2
|
17.1
|
Service Tax
|
215973
|
12025
|
15382
|
27.9
|
32617
|
38862
|
19.1
|
18.0
|
Total
|
623244
|
39085
|
44356
|
13.5
|
108639
|
113570
|
4.5
|
18.2
|
Source: Ministry of Finance, Government of India
No comments:
Post a Comment