Indirect tax revenue collections surges 32.6% in April-July 2015

Indirect tax revenue collection jumps 39.1% in July 2015

Indirect Tax Revenue (Provisional) collections have increased from Rs 40802 crore in July 2014 to Rs 56739 crore during July 2015. Thus, an increase of 39.1% has been registered during July 2015 over the corresponding period in the previous year. This is an achievement of 32.6% of the target fixed for BE 2015-16 i.e. Rs 646267 crore.

Central Excise collections have increased from Rs 13512 crore in July-2014 to Rs 22273 crore during July 2015 and thus registering an increase of 64.8%. This is an achievement of 36.6% of the target fixed at BE 2015-16.

Service Tax collections have increased from Rs 11871 crore in July 2014 to Rs 15470 crore during July 2015 and thus registering an increase of 30.3%. This is an achievement of 29.0% of the target fixed at BE 2015-16.

Customs collections have increased from Rs 15419 crore during July 2014 to Rs 18996 crore during July 2015 and thereby, registering an increase of 23.2%. This is an achievement of 31.7% of the target fixed for BE 2015-16.

Details of Indirect Tax revenue (provisional)

Tax Head B.E. 2015-16 For July Up to July % of BE achievement2014-15 2015-16 % Growth 2014-15 2015-16 % GrowthCustoms 208336 15419 18996 23.2 54594 66076 21.0 31.7Central Excise* 228157 13512 22273 64.8 47579 83454 75.4 36.6Service Tax 209774 11871 15470 30.3 50723 60925 20.1 29.0Total 646267 40802 56739 39.1 152896 210455 37.6 32.6*Exclusive of cess administered by other departments.

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