Industry & Economy
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Taxation
Indirect tax collections up 15.73 pc in April-December
Our Bureau
New Delhi
,
Jan. 12
SERVICE tax revenues of the Union Government continues to be robust, with the collections under this head surging by 65.41 per cent to Rs 13,782 crore in the first nine months of the current fiscal as against Rs 8,332 crore collected during April-December 2004.
The growth in revenue collections on the excise front is, however, lower than the budgeted level for 2005-06. According to the indirect tax revenue collection data released by the Finance Ministry here on Thursday, excise collections during the first nine months of the current fiscal increased by 9.65 per cent to Rs 75,020 crore (Rs 68,421 crore during April-December 2004).
On the other hand, the Centre's Customs collections grew by 15.78 per cent in April-December 2005 to Rs 47,715 crore as against a level of Rs 41,212 crore in April-December 2004.
As regards overall indirect taxes, the revenue collections increased by 15.73 per cent during April-December 2005 to Rs 1,36,517 crore (Rs 1,17,965 crore).
For December 2005, indirect tax collections increased by 12.52 per cent to Rs 16,837 crore (Rs 14,963 crore). While excise collections during December 2005 stood at Rs 9,628 crore (Rs 8,186 crore), Customs duty collections stood at Rs 5,453 crore (Rs 5,490 crore); Service tax collections of the Centre stood at Rs 1,756 crore (Rs 1,287 crore).
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