Indirect tax collection rises 5.3% in Apr-Oct

Govt has set indirect tax collection target of Rs 5.65 lakh crore for 2013-14, up from Rs 4.73 lakh crore in the last fiscal

Collection of indirect taxes, excise, customs and service tax, stood at about Rs 2,69,100 crore during the first seven months of 2013-14 fiscal, up 5.3% from the same period last fiscal year.

Excise collection during the April-October period was Rs 89,600 crore, while realisation from customs stood at Rs 98,000 crore, an official said.

Service tax collection, which has become a new focus area for revenue officials, stood at Rs 81,500 crore during the period.

In October, total indirect tax collection was Rs 42,520 crore, up 7.5% from the same month last year.

Government has set indirect tax collection target of Rs 5.65 lakh crore for 2013-14, up from Rs 4.73 lakh crore in the last fiscal.