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The figures for indirect tax collections (Central Excise, Service Tax and Customs) up to September 2016 in the current Financial Year 2016-17 show that net revenue collections are at ₹ 4.08 lakh crore which is 25.9% more than the net collections for the corresponding period last year i.e. 2015-16. Till September 2016, 52.5% of the Budget Estimates of indirect taxes for Financial Year 2016-17 has been achieved.
As regards Central Excise, net tax collections stood at ₹ 1.83 lakh crore during April-September, 2016 as compared to ₹ 1.25 lakh crore during the corresponding period in the previous Financial Year, thereby registering a growth of 46.3%.
Net Tax collections on account of Service Tax during April-September, 2016 stood at ₹ 1,16,975 crore as compared to ₹ 95,780 crore during the corresponding period in the previous Financial Year, thereby registering a growth of 22.1%.
Net Tax collections on account of Customs during April-September 2016 stood at ₹ 1.08 lakh crore as compared to ₹ 1.03 lakh crore during the same period in the previous Financial Year, thereby registering a growth of 4.8%.
Indirect tax collections up year-to-date, achieving over half of budget estimates through September with sectoral variances. Indirect tax collections rose 25.9% up to September 2016 to Rs. 4.08 lakh crore, achieving 52.5% of the 2016-17 Budget Estimates. Central Excise net receipts increased 46.3% to Rs. 1.83 lakh crore; Service Tax net receipts increased 22.1% to Rs. 1,16,975 crore; Customs net collections increased 4.8% to Rs. 1.08 lakh crore for April-September 2016.Press 'Enter' after typing page number.