Registering an Increase of 39.1% During the Month of July 2015 Over the Corresponding Period in the Previous Year; Customs Collections Registered an Increase of 23.2 % While Service Tax Collections Registered an Increase of 30.3% During the Same Period
Indirect Tax Revenue (Provisional) collections have increased from Rs 40,802 crore in July, 2014 to Rs. 56,739 crore during July, 2015. Thus an increase of 39.1% has been registered during July-2015 over the corresponding period in the previous year. This is an achievement of 32.6 % of the target fixed for BE 2015-16 i.e. Rs. 646267 crore.
Central Excise collections have increased from Rs. 13,512 crore in July-2014 to Rs. 22,273 crore during July-2015 and thus registering an increase of 64.8 %. This is an achievement of 36.6% of the target fixed at BE 2015-16.
Service Tax collections have increased from Rs.11,871 crore in July 2014 to Rs. 15,470 crore during July 2015 and thus registering an increase of 30.3 %. This is an achievement of 29.0 % of the target fixed at BE 2015-16.
Customs collections have increased from Rs.15,419 crore during July 2014 to Rs. 18,996 crore during July 2015 and thereby, registering an increase of 23.2 %. This is an achievement of 31.7 % of the target fixed for BE 2015-16.
Details of Indirect Tax revenue (provisional) collections during the month of July 2015, along with growth rate compared to the corresponding period in the previous year are as under:
For the month July 2015
(Rs. in crores)
Tax Head
|
For July
|
Up to July
|
% of BE achievement
| |||||
B.E.
2015-16
|
2014-15
|
2015-16
|
% Growth
|
2014-15
|
2015-16
|
% Growth
| ||
Customs
|
208336
|
15419
|
18996
|
23.2
|
54594
|
66076
|
21.0
|
31.7
|
Central Excise*
|
228157
|
13512
|
22273
|
64.8
|
47579
|
83454
|
75.4
|
36.6
|
Service Tax
|
209774
|
11871
|
15470
|
30.3
|
50723
|
60925
|
20.1
|
29.0
|
Total
|
646267
|
40802
|
56739
|
39.1
|
152896
|
210455
|
37.6
|
32.6
|
*Exclusive of cess administered by other departments.
Courtesy: pib.nic.in
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