Indirect Tax Collections During the month of April 2016 is ₹ 64,394 Crore which is an increase of 41.8% as compared to the collections made in the corresponding Period Last Year (April 2015): Excise Collections Register A Growth of 70.7% while Service Tax Collections Register a Growth of 27.9% in April 2016

Press Information Bureau

Government of India

Ministry of Finance

11-May-2016 15:15 IST

Indirect Tax collections for the month of April 2016 was ₹ 64,394 crore registering a growth of 41.8% as compared to ₹ 45,417 crore collected during the same period previous year i.e. month of April 2015. Overall growth in revenue collections on account of Indirect taxes excluding Additional Revenue Measures is 17%. The overall collections of Indirect Taxes during the month of April, 2016 amounts to achievement of 8.3% of BE target for Indirect Taxes for 2016-17.

The Revenue collections target for indirect taxes as per the Budget Estimates 2016-17 is ₹ 7,78,000 crore while the actual collections on account of indirect taxes during 2015-16 was ₹ 7,09,022 crore. Thus, there is an increase of 9.7% in BE target for 2016-17 over the last year actual collections.

As far as Central Excise collections in the month of April 2016 are concerned, ₹ 28,252 crore were collected during the month as compared to ₹ 16,546 crore in the corresponding period in the previous year and thus registering a overall growth of 70.7%.

As far as Service Tax collections in April 2016 are concerned, the total collections during the month of April, 2016 amounts to ₹ 18,647 crore as compared to ₹ 14,585 crore during the corresponding period (April 2015) last year and thereby registering a growth of 27.9% in the service tax collections.

As far as Revenue collections on account of Customs is concerned, ₹ 17,495 crore were collected during the month of April 2016 as compared to ₹ 14,286 crore during the corresponding period in the previous year i.e., April, 2015 and thus registering a growth of 22.5.% on account of customs collections.

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DSM/KA