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Indirect Tax Collections up to July, 2016 indicate net revenue collections of ₹ 2,71,719 crore as compared to ₹ 209217 crore in the corresponding period last year and thereby registering an increase of 29.9% over the corresponding period; 34.9% of the Budget Estimates of indirect taxes for FY 2016-17 achieved till July 2016 |
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| 10-8-2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
The figures for indirect tax revenue (provisional) collections upto July, 2016 show that the net revenue collections are at ₹ 2,71,719 crore as compared to Rs. 2,09,217 crore for the corresponding period last year and thereby registering a growth of 29.9% in the net collections. Till July, 2016, 34.9 % of the Budget Estimates of indirect taxes for FY 2016-17 has been achieved. Tax collections on account of Central Excise stood at ₹ 31,782 crore in month of July 2016 as compared to ₹ 20,658 crore during the same period in last year (July 2015) and there by registering a growth of 53.8% in this period.Total collections on account of Central Excise during the first four months of current FY 2016-17(April 2016-July 2016) stood at ₹ 1,23,273 crore as compared to ₹ 81,748 crore during the same period in last Financial Year and thereby registering the growth of 50.8%. Tax collections on account of Service Tax stood at ₹ 19,600 crore in month of July 2016 as compared to ₹ 15,685 crore during the same period in last year (July 2015) and there by registering a growth of 25% in this period. Total collections on account of Service Tax during the first four months of current FY 2016-17(April 2016-July 2016) stood at ₹ 7,66,79 crore as compared to ₹ 60,974 crore during the same period in last Financial Year and thereby registering the growth of 25.8%. Tax collections on account of Customs stood at ₹ 16,959 crore in month of July 2016 as compared to ₹ 19,045 crore during the same period in last year (July 2015) and showing a decline of 11% in this period. Total collections on account of Customs during the first four months of current FY 2016-17 (April 2016-July 2016) stood at ₹ 71,767 crore as compared to ₹ 66,495 crore during the same period in last Financial Year and thereby registering the growth of 7.9%. Full details of Indirect Tax revenue (provisional) collections, along with growth rate compared to the corresponding period in the previous year are as given below in the tabulated form: For the month July 2016 (Rs. in crores)
*Exclusive of cess administered by other departments. |
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