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An Increase of 46.2% Registered During the month of April 2015 Over the Corresponding Period in the Previous Year;
Customs Collections Registered an Increase of 23.6% while Service Tax Collections Registered an Increase of 21.2% During the Same Period
Indirect Tax Revenue (Provisional) Collections increase from Rs. 32,661 Crore in April, 2014 to Rs. 47,747 Crore during April 2015, thus registering an Increase of 46.2% during the month of April 2015 over the corresponding period in the previous year. This is an achievement of 7.4 % of the target fixed for BE 2015-16.
Central Excise collections have increased from ₹ 8,655 crore in April, 2014 to ₹ 18,373 crore during April, 2015 registering an increase of 112.3 %. This is an achievement of 8.1% of the target fixed at BE 2015-16.
Customs collections have increased from Rs.11,555 crore during April, 2014 to Rs.14,286crore during April, 2015 registering an increase of 23.6 %. This is an achievement of 6.9 % of the target fixed for BE 2015-16.
Service Tax collections have increased from ₹ 12,451 crore in April, 2014 to Rs. 15,088 crore during April, 2015 registering an increase of 21.2 %. This is an achievement of 7.2 % of the target fixed at BE 2015-16.
Details of Indirect Tax revenue (provisional) collections during the month April 2015, along with growth rate compared to the corresponding period in the previous year are as follows:.
(Rs. in crores)
Tax Head |
| For April | % Growth | % of BE achieved | |
| B.E. 2015-16 | 2014-15 | 2015-16 | ||
Customs |
208336
| 11555 | 14286 | 23.6 | 6.9 |
Central Excise* |
228157
| 8655 | 18373 | 112.3 | 8.1 |
Service Tax |
209774
| 12451 | 15088 | 21.2 | 7.2 |
Total |
646267
| 32661 | 47747 | 46.2 | 7.4 |
*Exclusive of cess administered by other departments.
Indirect tax revenue growth: provisional April receipts rose substantially year-on-year, strengthening BE target attainment. Provisional indirect tax revenue collections for April 2015 rose 46.2% year-on-year and represented 7.4% of the 2015-16 Budget Estimate. Central Excise more than doubled and achieved 8.1% of its BE, Customs grew and achieved 6.9% of its BE, and Service Tax increased to achieve 7.2% of its BE; excise figures exclude cess administered by other departments.Press 'Enter' after typing page number.