Comments
The Centre may find the going tough in meeting the indirect tax revenue target for the current fiscal going by the collections up to December.
For April-December 2014, indirect tax collections grew 6.7 per cent to ₹3.78 lakh crore (against ₹3.54 lakh crore in April-December 2013), official data released on Tuesday said.
This reflects 60.6 per cent of the indirect taxes target for 2014-15.
While customs collections grew 9.5 per cent to ₹1.38 lakh crore (against ₹1.26 lakh crore), excise collections for the period under review grew 1.69 per cent to ₹1.20 lakh crore (₹1.18 lakh crore).
For customs, the Centre has so far achieved 68.6 per cent of the Budget estimate while in the case of excise duty it has achieved 58.3 per cent of the Budget estimate.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.