30.8% growth in Indirect tax collection for 1st quarter of 2016-17

By | July 8, 2016
(Last Updated On: July 8, 2016)

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
Customs 230000 17414 18507 6.3 47450 54808 15.5 23.8
 Central Excise* 317000 21949 30982 41.2 60787 91225 50.1 28.8
Service Tax 231000 16914 18266 8.0 44503 53757 20.8 23.3
Total 778000 56277 67755 20.4 152740 199790 30.8 25.7

 

* Exclusive of cess  administered by other  Departments.

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