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 HeadBE  June            April-June% of BE achievement
2016-172015-162016-17% Growth2015-162016-17% Growth
 Central Excise*317000219493098241.2607879122550.128.8
Service Tax23100016914182668.0445035375720.823.3


* Exclusive of cess  administered by other  Departments.

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