Indirect tax collection for the 1st quarter of 2016-17 indicates a growth rate of 30.8%
The figures of indirect tax collection for the 1st quarter of current fiscal 2016-17 indicates a growth rate of 30.8% as compared to the 36.3% in the corresponding period of previous financial year. Once the Additional Resource Mobilization(ARM) is removed, the growth rate in Q1 is 10.2%[Customs: 11.2%, Central Excise: 13.9% & Service Tax: 4.3%]. The details of Indirect tax revenue collections(prov.) in Q1, 2016-17 vis-à-vis Q1,2015-16, along with growth rate compared with the corresponding period of the previous year is tabulated below as:-
|Tax Head||BE||June||April-June||% of BE achievement|
|2016-17||2015-16||2016-17||% Growth||2015-16||2016-17||% Growth|
* Exclusive of cess administered by other Departments.