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Indirect tax revenue increases by 4.6% during April-August 2014

Updated: Sep 12, 2014 04:25:39pm
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New Delhi, Sept 12 (KNN) Indirect Tax Revenue (Provisional) collections were increased from Rs 1,85,881 crore in April-August 2013 to Rs 1,94,492 crore in April-August 2014 registering an increase of  4.6  per cent over the corresponding period in the previous year.

According to data released by the Ministry of Finance, it is an overall achievement of 31.2 per cent of the Budget Estimates for 2014-15.

Service tax collections were increased from Rs 53,751 crore in April-August 2013 to Rs 61,870 crore during April-August 2014 with a growth of 15.1 per cent.

There was also an increase in collections of Central Excise from Rs 61,131 crore in April-August 2013 to Rs 61,415 crore during April-August 2014, an increase of 0.5 per cent.

Collections of customs were increased from Rs 70,999 crore in April-August 2013 to Rs 71,207 crore during April-August 2014, with increase of 0.3 per cent over the corresponding period in the previous year. (KNN/ST)

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