Indirect tax mop-up surges 44.4 percent in six month
October 14th, 2010 - 5:05 pm ICT by IANSNew Delhi, Oct 14 (IANS) Indirect tax collection rose 44.4 percent to Rs.1,50,686 crore in the first six months of the current fiscal, led by an almost 67 percent increase in revenue from customs duties.
Revenue collections from customs increased to Rs.63,229 crore during April-September period, which is 66.8 percent more than the collection during the corresponding period last year, according to data released by the finance ministry.
Collections from central excise duties rose 40.7 percent to Rs.60,834 crore during the first six months of fiscal 2010-11 while revenue from service tax increased 14.8 percent to Rs.26,623 crore.
During the first half of this year, collections from indirect taxes, which include, customs, central excise and service tax, account for 48.1 percent of total indirect tax collection target in the current fiscal.
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- April-July indirect tax collections rise 46 percent - Aug 12, 2010
- Experts say excise duty hike was expected - Mar 16, 2012
- Mumbai's excise, customs collections cheer up Mukherjee - Dec 23, 2010
- Government to collect Rs.7.45 lakh crore tax in 2010-11 - Sep 29, 2010
- Government hopes to meet indirect tax collection target - Feb 08, 2012
- Tax hikes to hit household budgets - Apr 01, 2012
- Gross direct tax collection up 26 percent - Sep 08, 2011
- Car exports contribution to national exchequer increases: Patel - Aug 16, 2011
- Delhi's gets over Rs.2,000 crore from liquor sales - May 15, 2011
- Direct tax collections up 27 percent in April-July - Aug 12, 2011
Tags: central excise and service tax, collection target, crore, customs duties, excise and service tax, excise duties, finance ministry, indirect tax, indirect taxes, mop, New Delhi, revenue collections, rs 1, six months