India's April-November indirect tax collections rise over 42 per cent to Rs2,07,756 crore
15 Dec 2010
Revenue collections from indirect taxes in the country, including customs, central excise and service tax, increased by a whopping 42.3 per cent year-on-year to Rs2,07,756 crore during April-November 2010-11, from Rs1,45,958 crore during the comparable period of the previous financial year (2009-10).
Provisional figures released by the revenue department show a 66.3 per cent achievement in the overall indirect tax collection target for the April-November 2010 period.
The central government has set an overall target of Rs3,13,471 crore for indirect tax collections during the 2010-11 financial year.
Customs duty collections increased 67 per cent year-on-year to Rs86,844 crore during April-November 2010-11 compared with Rs52,011 crore collected during April-November 2009-10. This constitutes 75.5 per cent of the targeted Rs1,15,000 crore for the whole year 2010-11.
Revenue collections from central excise increased about 34.4 per cent to Rs81,984 crore during April-November 2010-11 against the collection of Rs61,020 crore during April-November 2009-10. Excise duty collections during April-November constituted 62.8 per cent of the target of Rs1,30,471 crore set for the current financial year (2010-11).
Service tax mop-up during April-November 2010 increased 18.2 per cent year-on-year to Rs38,927 crore against Rs32,927 crore collected during the similar period a year ago. This constitutes 57.2 per cent of the overall target of Rs68,000 crore fixed for the full financial year (2010-11).
Overall indirect tax collections of Rs2,07,756 crore during April-November 2010 constitute an achievement of 66.3 per cent of the overall target of Rs3,13,471 crore fixed for the current financial year (2010-11).
At Rs1,45,958 crore, indirect tax collections during April-November 2009-10 constituted 54.5 per cent of the target for the whole financial year (April-March 2009-10).
