The government on Thursday provisionally reported an increase of 9.9 percent in indirect tax collection at Rs.546,479 crore during April-March 2014-15 on a provisional basis.
According to finance ministry, the collection during last fiscal stood at Rs.497,061 crore.
"The indirect taxes collections for the Financial Year (FY) 2014-15 has exceeded the revised estimates (RE) target of FY 2014-15 by Rs.4,000 crore," the ministry said in statement.
The revised estimates target for indirect tax revenue collection had been pegged at Rs.542,325 crore for the FY 2014-15.
The indirect tax revenue collection during April-February 2014-15 had increased by 7.4 percent (provisional) and stood at Rs.478,630 crore from Rs.441,565 crore.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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