Indirect Tax Revenue (Provisional) Collections increase from ₹ 1,85,881 Crore in April-August 2013 to 1,94,492 Crore during April-August 2014;

Registering an increase of 4.6% during April-August 2014 over the Corresponding Period in the previous year;

Service Tax Collections increase by 15.1% during the same Period

Indirect Tax Revenue (Provisional) collections have increased from ₹ 1,85,881crore in April-August 2013 to ₹ 1,94,492crore during April-August 2014. Thus an increase of 4.6 % has been registered during April-August 2014 over the corresponding period in the previous year. Overall, it is an achievement of 31.2 % of the Budget Estimates for 2014-15. Service Tax collections have also increased from ₹ 53,751 crore in April-August 2013 to ₹ 61,870 crore during April-August 2014 registering an increase of 15.1%. Similarly, there was an increase in collections of Central Excise from ₹ 61,131 crore in April-August 2013 to ₹ 61,415 crore during April-August 2014, an increase of 0.5 % and customs from ₹ 70,999 crore in April-August 2013  to ₹ 71,207 crore during April-August 2014, an increase of 0.3% over the corresponding period in the previous year.

Details of Indirect Tax Revenue (Provisional) Collections during April-August 2014, along with growth rate compared to the corresponding period in the previous year are as follows:

For the period April – August 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	14473	15902	9.9	70999	71207	0.3	35.3
Central Excise*	205452	12762	13782	8.0	61131	61415	0.5	29.9
Service Tax	215973	10059	10960	9.0	53751	61870	15.1	28.6
Total	623244	37293	40644	9.0	185881	194492	4.6	31.2

*Exclusive of cess administered by other departments.

Indirect tax revenue growth reported, showing year on year increase and differential performance across customs, excise and service tax. Increase in provisional indirect tax revenue collections for April-August 2014 shows aggregate collections up 4.6% year on year and equal to 31.2% of the 2014-15 Budget Estimate; service tax rose by 15.1%, central excise by 0.5% (exclusive of certain cesses), and customs by 0.3%, with monthly and cumulative figures provided for comparison against the prior year and budgeted amounts.