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Home News News and Press Release Month 10 2016 2016 (10) This |
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Indirect Tax Collections up to September, 2016 show an increase of 25.9% over the net Indirect Tax collections for the corresponding period last year(2015-16); Net revenue collections up to September, 2016 stood at ₹ 4.08 lakh crore which is 52.5% of the Budget Estimates of Indirect Taxes for Financial Year 2016-17 |
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10-10-2016 | |||
The figures for indirect tax collections (Central Excise, Service Tax and Customs) up to September 2016 in the current Financial Year 2016-17 show that net revenue collections are at ₹ 4.08 lakh crore which is 25.9% more than the net collections for the corresponding period last year i.e. 2015-16. Till September 2016, 52.5% of the Budget Estimates of indirect taxes for Financial Year 2016-17 has been achieved. As regards Central Excise, net tax collections stood at ₹ 1.83 lakh crore during April-September, 2016 as compared to ₹ 1.25 lakh crore during the corresponding period in the previous Financial Year, thereby registering a growth of 46.3%. Net Tax collections on account of Service Tax during April-September, 2016 stood at ₹ 1,16,975 crore as compared to ₹ 95,780 crore during the corresponding period in the previous Financial Year, thereby registering a growth of 22.1%. Net Tax collections on account of Customs during April-September 2016 stood at ₹ 1.08 lakh crore as compared to ₹ 1.03 lakh crore during the same period in the previous Financial Year, thereby registering a growth of 4.8%. |
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