Increase of 39.1% in Indirect Tax Revenue (Provisional) collections during July 2015 YoY

New Delhi, Aug 11 (KNN) 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 per cent has been registered during July-2015 over the corresponding period in the previous year.
 
“This is an achievement of 32.6 per cent of the target fixed for BE 2015-16 i.e. Rs 646267 crore,” Ministry of Finance today said in a statement.
 
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 per cent.  This is an achievement of 36.6 per cent of the target fixed at BE 2015-16.
 
Service Tax collections have increased from Rs11,871 crore in July 2014 to Rs 15,470 crore during July 2015 and thus registering an increase of 30.3  per cent. This is an achievement of 29.0 per cent of the target fixed at BE 2015-16.
 
Customs collections have increased from Rs15,419 crore during July 2014 to Rs 18,996 crore during July 2015 and thereby, registering an increase of  23.2   per cent. This is an achievement of 31.7 per cent of the target fixed for BE 2015-16, the Ministry said. (KNN Bureau)