Total Collections as on 31.03.2015 Is ₹ 5,46,479 Crore (Based on Provisional Report) as Against the RE Target of ₹ 5,42 ,325 Crore for 2014-15

The Indirect Taxes collections for the Financial Year (FY) 2014-15 has exceeded the Revised Estimates (RE) target of FY 2014-15 by ₹ 4,000 crore. The total collections as on 31.03.2015 is ₹ 5,46,479 crore based on the provisional report as against the Revised Estimates target of ₹ 5,42,325 crore for the FY 2014-15.

 The provisional collections during the Financial Year 2014-15 increased by 9.9% as against the actual collections during the Financial Year 2013-14, which was ₹ 4,97,061 crore.

Indirect tax collections exceed revised estimates, recording notable year-on-year growth and meeting fiscal revenue targets. Indirect tax receipts for FY 2014-15 marginally exceeded the Revised Estimates target, with provisional total collections surpassing the target by a cited sum and showing a percentage increase over the previous financial year, indicating revenue outturn exceeded projected budgetary targets for indirect taxation.