TMI BlogIndirect Tax Revenue (Provisional) collections during April-June 2015 increased from ₹ 1,12,094 crore to ₹ 1,53,980 registering an increase of 37.4 % over the corresponding period ( April-June 2014) in the last financial year. In June 2015, Indirect tax collections increased by 33.3% compared with June 2014.X X X X Extracts X X X X X X X X Extracts X X X X ..... Indirect Tax Revenue (Provisional) collections during April-June 2015 increased from ₹ 1,12,094 crore to ₹ 1,53,980 registering an increase of 37.4 % over the corresponding period ( April-June 2014) in the last financial year. In June 2015, Indirect tax collections increased by 33.3% compared with June 2014. - News and Press Release Dated:- 11-7-2015 - News - The overall growth in In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... direct Tax Revenue (Provisional) collections during the first quarter of current fiscal year, i.e April-June 2015 have increased from ₹ 1,12,094 crore to ₹ 1,53,980 crores suggesting an increase of 37.4 % over the corresponding period ( April-June 2014) in the last financial year.In June 2015,the indirect tax collections increased by 33.3% compared with June 2014. These increase ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s were spread across all three tax categories-customs, central excise, and service tax. These collections reflect in part additional measures taken, including the excise increases on diesel and petrol, the increase in clean energy cess, the withdrawal of exemptions for motor vehicles and consumer durables, and in June, the increase in service tax from 12.36 to 14 percent. Stripped of all thes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e additional measures, indirect tax collections increased by 10.8 percent in June 2015 over June 2014; and by 14.5 percent for the first quarter of FY2015-16 compared to the first quarter of FY 2014-15. These collections indicate that the underlying momentum in the economy is improving, across all sectors, including manufacturing, reflected in healthy excise tax collections. The growth in under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lying indirect tax collections of 14.5 percent suggests a healthy increase in nominal GDP growth which constitutes the tax base for indirect tax collections. Details of overall Indirect Tax Revenue (Provisional) collections during April-June 2015 along with growth rate compared to the corresponding period in the previous year are as follows. Indirect tax revenue collection : April-June, 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 15-16(Prov.) Tax Head Actuals 2014-15 (prov.) B.E 2015-16 Asking rate(%) for 2015-16 For June April to June 2014-15 2015-16 % Growth 2014-15 2015-16 % Growth ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1 2 3 4 5 6 7 10 11 12 Customs 187856 208336 10.9 14081 17094 21.4 39175 47080 20. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 *C.Excise 188238 228157 21.2 13574 22717 67.4 34067 61661 81.0 Service tax 168063 209774 24.8 15370 17546 14.2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 38852 45239 16.4 Total 544157 646267 18.8 43025 57357 33.3 112094 153980 37.4 *Exclusive of cesses not administered by the Dept.of Revenue. - News - Pres ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s 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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