The overall growth in Indirect Tax Revenue (Provisional) collections during the first quarter of current fiscal  year, i.e April-June 2015 have increased from ₹ 1,12,094 crore to ₹ 1,53,980 crores suggesting an increase of  37.4 % over the corresponding period  ( April-June 2014) in the last financial year.In June 2015,the  indirect tax collections increased by 33.3% compared with June 2014.

These increases were spread across all three tax categories-customs, central excise, and service tax. These collections reflect in part additional measures taken, including the excise increases on diesel and petrol, the increase in clean energy cess, the withdrawal of exemptions for motor vehicles and consumer durables, and in June, the increase in service tax from 12.36 to 14 percent.

 Stripped  of all these additional measures, indirect tax collections increased by 10.8 percent in June 2015 over June 2014; and by 14.5 percent for the first quarter of FY2015-16 compared to the first quarter of FY 2014-15. These collections indicate that the underlying momentum in the economy is improving, across all sectors, including manufacturing, reflected in healthy excise tax collections.

The growth in underlying indirect tax collections of 14.5 percent suggests a healthy increase in nominal GDP growth which constitutes the tax base for indirect tax collections.

Details of overall Indirect Tax Revenue (Provisional) collections during April-June 2015 along with growth rate compared to the corresponding period in the previous year are as follows.

Indirect tax revenue collection : April-June, 2015-16(Prov.)

Tax Head	Actuals  2014-15 (prov.)	B.E 2015-16	Asking rate(%) for 2015-16	For June			April to June
				2014-15	2015-16	% Growth	2014-15	2015-16	%  Growth
1	2	3	4	5	6	7	10	11	12
Customs	187856	208336	10.9	14081	17094	21.4	39175	47080	20.2
*C.Excise	188238	228157	21.2	13574	22717	67.4	34067	61661	81.0
Service tax	168063	209774	24.8	15370	17546	14.2	38852	45239	16.4
Total	544157	646267	18.8	43025	57357	33.3	112094	153980	37.4

*Exclusive of cesses not administered by the Dept.of Revenue.

Indirect tax revenue growth signals improving nominal GDP and broader economic momentum after recent tax policy changes. Provisional indirect tax collections for April-June 2015 rose 37.4% year on year and June collections rose 33.3%, with growth concentrated in customs, central excise and service tax. Part of the increase reflected specific fiscal measures (excise rises on diesel and petrol, higher clean energy cess, withdrawal of certain exemptions, and increased service tax rate). Excluding these measures, indirect tax growth was 10.8% for June and 14.5% for the quarter, indicating an underlying rise in collections consistent with improving nominal GDP and a broadened tax base.