Press Information Bureau

Government of India

Ministry of Finance

12-September-2016 12:03 IST

The figures for indirect tax collections (Central Excise, Service Tax and Customs) upto August 2016 show that net revenue collections are at ₹ 3.36 lakh crore which is 27.5% more than the net collections for the corresponding period last year. Till August 2016, 43.2% of the Budget Estimates of indirect taxes for Financial Year 2016-17 has been achieved.

As regards Central Excise, net tax collections stood at ₹ 1.53 lakh crore during April-August, 2016 as compared to ₹ 1.03 lakh crore during the corresponding period in the previous Financial Year, thereby registering a growth of 48.8%.

Net Tax collections on account of Service Tax during April-August, 2016 stood at ₹ 92,696 crore as compared to ₹ 75,219 crore during the corresponding period in the previous Financial Year, thereby registering a growth of 23.2%.

Net Tax collections on account of Customs during April-August 2016 stood at ₹ 90,448 crore as compared to ₹ 85,557 crore during the same period in the previous Financial Year, thereby registering a growth of 5.7%.

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DSM/KA

Indirect tax collections rose year on year, driven by strong central excise and service tax growth across April-August 2016. Indirect tax receipts recorded a year on year increase of 27.5% through August 2016 and reached 43.2% of the 2016-17 Budget Estimate, with central excise up 48.8%, service tax up 23.2% and customs up 5.7% for April-August 2016 versus the same period in the prior year.