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TMI BlogIndirect 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 2016X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 - News and Press Release Dated:- 10-8-2016 - News - The figu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... res 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. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ax 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 compare ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d 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 d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uring 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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) Tax Head For July Upto July % of BE achievement B.E. 2016-17 2015-16 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2016-17 % Growth 2015-16 2016-17 % Growth Customs 230000 19045 16959 (-) 11 66495 71767 7.9 31.2 Central Excise* 317000 2065 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8 31782 53.8 81748 123273 50.8 38.9 Service Tax 231000 15685 19600 25.0 60974 76679 25.8 33.2 Total 778000 55 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 388 68341 23.4 209217 271719 29.9 34.9 * Exclusive of cess administered by other departments. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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