The overall growth in Indirect Tax Revenue (Provisional) Collections during the first quarter of current fiscal year i.e. April-June 2014 have increased from ₹ 1,08,639 crore to ₹ 1,13,570 crore registering an increase of 4.5 % over the corresponding period (April –June 2013) in last financial year. Service Tax collections alone during April-June 2014 have increased from ₹ 32,617 crore (April –June 2013) to ₹ 38,862 crore (April-June, 2014).   

Details of overall Indirect Tax revenue (provisional) collections during April-June 2014, along with growth rate compared to the corresponding period in the previous year are as follows:

For the period April – June 2014

(Rs. in crores)

Tax Head		For the month		% Growth	Upto the month		% growth	% of BE achieved
	B.E. 2014-15	2013-14	2014-15		2013-14	2014-15
Customs	201819	13494	14308	6.0	40796	39549	(-) 3.1	19.6
Central Excise*	205452	13566	14666	8.1	35226	35159	(-) 0.2	17.1
Service Tax	215973	12025	15382	27.9	32617	38862	19.1	18.0
Total	623244	39085	44356	13.5	108639	113570	4.5	18.2

Indirect tax revenue growth signals higher provisional receipts for the April-June quarter, with service tax showing stronger performance. Provisional indirect tax revenue collections for April-June 2014 rose 4.5% over the same quarter in the prior year, with total receipts increasing from Rs. 1,08,639 crore to Rs. 1,13,570 crore. The release provides quarter wise disaggregation by tax head-customs, central excise and service tax-showing service tax growth while customs and central excise recorded marginal year to date declines, and reports the percentage of the 2014-15 budget estimate achieved to date for interim fiscal monitoring.