Indirect Tax Revenue (Provisional) Collections Increase from Rs. 32,661 Crore in April 2014 to Rs. 47,747 Crore During April 2015;

Image
Capital Market
Last Updated : May 14 2015 | 12:01 AM IST
Indirect Tax Revenue (Provisional) Collections increase from Rs. 32,661 Crore in April, 2014 to Rs. 47,747 Crore during April 2015, thus registering an increase of 46.2% during the month of April 2015 over the corresponding period in the previous year. This is an achievement of 7.4 % of the target fixed for BE 2015-16.

Central Excise collections have increased from Rs. 8,655 crore in April, 2014 to Rs. 18,373 crore during April, 2015 registering an increase of 112.3 %. This is an achievement of 8.1% of the target fixed at BE 2015-16.

Customs collections have increased from Rs.11,555 crore during April, 2014 to Rs.14,286 crore during April, 2015 registering an increase of 23.6 %. This is an achievement of 6.9 % of the target fixed for BE 2015-16.

Service Tax collections have increased from Rs. 12,451 crore in April, 2014 to Rs. 15,088 crore during April, 2015 registering an increase of 21.2 %. This is an achievement of 7.2 % of the target fixed at BE 2015-16.

Details of Indirect Tax revenue (provisional) collections during the month April 2015, along with growth rate compared to the corresponding period in the previous year are as follows:.

Tax Head For April % Growth % of BE achieved B.E. 2015-16 2014-15 2015-16Customs 208336 11555 14286 23.6 6.9Central Excise* 228157 8655 18373 112.3 8.1Service Tax 209774 12451 15088 21.2 7.2Total 646267 32661 47747 46.2 7.4*Exclusive of cess administered by other departments. In Rs crore

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: May 13 2015 | 11:49 AM IST

Next Story