Indirect tax revenue increases by 4.6% during April-August 2014
Updated: Sep 12, 2014 04:25:39pm
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)