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Homechevron_rightBusinesschevron_rightGovt meets 60.6 % of...

Govt meets 60.6 % of indirect tax collection target

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Govt meets 60.6 % of indirect tax collection target
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New Delhi: The government, on Tuesday, said it had collected Rs.3.77 lakh crore, or 60.6 per cent, of the budget target for indirect tax by December, 2014.

The indirect tax revenue collection was Rs.3.54 lakh crore in April-December 2013. Thus, an increase of 6.7 per cent has been registered during April-December 2014 over the corresponding period in the previous year. This is an achievement of 60.6 per cent of the target fixed for 2014-15 Budget Estimate,” the Finance Ministry said in a statement.

Giving details, it said December excise duty collections at Rs.17,450 crore witnessed a jump of 17.2 per cent over the corresponding month of 2013-14 fiscal.

The customs duty mop up at Rs.15,222 crore was up by 5.4 per cent in December on an annual basis. On the other hand, the service tax collections shrunk by 5.2 per cent to Rs.16,979 crore in December compared to the same month of the last fiscal.

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