Indirect tax collection surges 33% in September 2015

Image
Capital Market
Last Updated : Oct 13 2015 | 12:01 AM IST

Overall indirect tax collection up 36% in April-September 2015

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 of 55.0% 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.

Indirect Tax revenue (provisional) collections (Rs in crore)  B.E. 2015-16 September April-September % of BE achievement2014-15 2015-16 % Growth 2014-15 2015-16 % GrowthCustoms 208336 17710 18312 3.4 88031 103450 17.5 49.7Central Excise 228157 13356 22489 68.4 74019 125530 69.6 55Service Tax 209774 15158 20483 35.1 76851 95493 24.3 45.5Total 646267 46224 61284 32.6 238901 324473 35.8 50.2

Powered by Capital Market - Live News

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 12 2015 | 9:58 AM IST

Next Story