Indirect tax collections rise over 37 percent in April-July

New Delhi, Aug 11 (IANS) India’s indirect tax revenue in the first four months of the current fiscal (April-July) rose more than 37 percent to over Rs.201,000 crore, an official announcement said on Tuesday.

The indirect tax collections were at Rs.153,000 crore during the same period of the last fiscal.

Month on month, the July indirect tax collections grew by 39.1 percent over that recorded in the same period a year ago.

“Indirect tax revenue collections have increased from Rs.40,802 crore in July 2014 to Rs.56,739 crore during July 2015,” a finance ministry statement said.

“Thus an increase of 39.1 percent has been registered during July 2015 over the corresponding period in the previous year,” it added.

During the period in consideration, excise collections jumped by 75.4 percent to Rs.83,454 crore.

Revenues from service tax rose by 20.1 percent to Rs.60,925 crore, while that from customs duty jumped by 21 percent to Rs.66,076 crore.

As per the July data, central excise collections soared 64.8 percent to Rs.22,273 crore, customs duty rose by 23.2 percent to Rs.18,996 crore while service tax revenues were up by 30.3 percent to Rs.15,470 crore.

Also on Tuesday, Finance Minister Arun Jaitley introduced in the Rajya Sabha a constitutional amendment bill to enable the reform of India’s indirect tax regime.

However, following protests by Congress MPs on the introduction of the GST Bill, the upper house was adjourned for the day by Deputy Chairman P.J.Kurien.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here