The figures for indirect tax revenue (provisional) collections upto July, 2016 show that the net revenue collections are at ₹ 2,71,719 crore as compared to Rs. 2,09,217 crore for the corresponding period last year and thereby registering a growth of  29.9% in the net collections.

Till July, 2016, 34.9 % of the Budget Estimates of indirect taxes for FY 2016-17 has been achieved.  

Tax collections on account of Central Excise stood at ₹ 31,782 crore in month of July 2016 as compared to ₹ 20,658 crore during the same period in last year (July 2015) and there by registering a growth of 53.8% in this period.Total collections on account of Central Excise during the first four months of current FY 2016-17(April 2016-July 2016) stood at ₹ 1,23,273 crore as compared to ₹ 81,748 crore during the same period in last Financial Year and thereby registering the growth of 50.8%.

Tax collections on account of Service Tax stood at ₹ 19,600 crore in month of July 2016 as compared to ₹ 15,685 crore during the same period in last year (July 2015) and there by registering a growth of 25% in this period. Total collections on account of Service Tax during the first four months of current FY 2016-17(April 2016-July 2016) stood at ₹ 7,66,79 crore as compared to ₹ 60,974 crore during the same period in last Financial Year and thereby registering the growth of 25.8%.

Tax collections on account of Customs stood at ₹ 16,959 crore in month of July 2016 as compared to ₹ 19,045 crore during the same period in last year (July 2015) and showing a decline of 11% in this period. Total collections on account of Customs during the first four months of current FY 2016-17 (April 2016-July 2016) stood at ₹ 71,767 crore as compared to ₹ 66,495 crore during the same period in last Financial Year and thereby registering the growth of 7.9%.

 Full details of Indirect Tax revenue (provisional) collections, along with growth rate compared to the corresponding period in the previous year are as given below in the tabulated form:

For the month July 2016

(Rs. in crores)

Tax Head		For July			Upto July			% of BE achievement
	B.E. 2016-17	2015-16	2016-17	% Growth	2015-16	2016-17	% Growth
Customs	230000	19045	16959	(-) 11	66495	71767	7.9	31.2
Central Excise*	317000	20658	31782	53.8	81748	123273	50.8	38.9
Service Tax	231000	15685	19600	25.0	60974	76679	25.8	33.2
Total	778000	55388	68341	23.4	209217	271719	29.9	34.9

*Exclusive of cess administered by other departments.

Indirect tax collections show strong year on year growth driven by central excise and service tax increases. Provisional indirect tax collections up to July 2016 total Rs. 2,71,719 crore, a 29.9% year on year increase and 34.9% of FY 2016 17 Budget Estimates. Central Excise showed strong month and year to date growth (~50.8%), Service Tax rose in the mid 20s percent, while Customs declined in the month but posted modest year to date growth. The release provides provisional monthly and cumulative figures and percentage achievement against Budget Estimates for each tax head.