Press Information Bureau

Government of India

Ministry of Finance

08-July-2016 18:47 IST

The figures of indirect tax collection for the 1st quarter of current  fiscal 2016-17 indicates a growth rate of 30.8% as compared to the 36.3% in the corresponding period of previous financial year. Once the Additional Resource Mobilization(ARM) is removed, the growth rate in Q1 is 10.2%[Customs: 11.2%, Central Excise: 13.9% & Service Tax: 4.3%]. The  details of Indirect tax revenue collections(prov.) in Q1,  2016-17 vis-à-vis Q1,2015-16, along with growth rate compared with  the corresponding period of the  previous year is tabulated below as:- 

 

Tax Head	BE	June			April-June			% of BE achievement
	2016-17	2015-16	2016-17	% Growth	2015-16	2016-17	% Growth
Customs	230000	17414	18507	6.3	47450	54808	15.5	23.8
Central Excise*	317000	21949	30982	41.2	60787	91225	50.1	28.8
Service Tax	231000	16914	18266	8.0	44503	53757	20.8	23.3
Total	778000	56277	67755	20.4	152740	199790	30.8	25.7

* Exclusive of cess  administered by other  Departments.

DSM

Indirect tax growth rate rises after adjustment, showing fiscal revenue expansion and varied performance across customs, excise, and service tax. Indirect tax collections for Q1 2016 17 show 30.8% aggregate growth year on year, which reduces to 10.2% after excluding the Additional Resource Mobilization (ARM); central excise led growth, customs improved moderately, and service tax lagged, with receipts reported against Budget Estimates to indicate progress toward annual targets.