Indirect tax revenue surge 14.4% to Rs 50559 crore in January 2015

Collections increases 7.4% to Rs 4,27,822 crore in April-January 2015

Indirect tax revenue collections increased 7.4% to Rs 4,27,822 crore in April-January 2015, from Rs 3,98,238 Crore in April-January 2014. This is an achievement of 68.6% of the target fixed for BE 2014-15.

Customs collections have increased from Rs1,42,835 crore in April-January 2014 to Rs1,55,248 crore in April-January 2015 registering an increase of 8.7%. This is an achievement of 76.9% of the target fixed for BE 2014-15.

Service Tax collections have increased 8.3% from Rs1,22,196 crore in April-January 2014 to Rs 1,32,290 crore in April-January 2015. This is an achievement of 61.3% of the target fixed at BE 2014-15.

Central Excise collections have increased from Rs 1, 33,207 crore in April-January 2014 to Rs 1,40,284 crore during April-January 2015, registering an increase of 5.3%. This amount to an achievement of 68.3% of the target fixed at BE 2014-15.

Indirect Tax revenue collections (Rs. in crores)Tax Head 2014-15 Jan-15 % Growth Apr-Jan 2015 % growth % of BE achievedB.E. 2013-14 2014-15 2013-14 2014-15Customs 201819 16550 16718 1.0 142835 155248 8.7 76.9Central Excise 205452 15330 20755 35.4 133207 140284 5.3 68.3Service Tax 215973 12309 13086 6.3 122196 132290 8.3 61.3Total 623244 44189 50559 14.4 398238 427822 7.4 68.6

Powered by Capital Market - Live News