India Apr-Sept indirect tax receipts up 9.8 pct y/y
October, 16th 2008
India's indirect tax receipts during April-September rose 9.8 percent from a year earlier to 1.13 trillion rupees, the finance ministry said on Thursday, as industrial activity slowed and the oil import bill rose.
Receipts from customs duty rose by 18.3 percent during the first half of FY09 to 573.56 billion rupees, while excise duty collections grew 2.3 percent to 559.23 billion rupees.
In September, customs receipts rose by 20.3 percent to 96.21 billion rupees, showing robust growth, while excise collections fell 3.8 percent to 98 billion rupees.
During April-August, receipts from service tax grew by 25.9 percent to 230.51 billion rupees. It was up 13.1 percent in August at 37.02 billion rupees.
The federal government is targeting a 15 percent growth in indirect tax collections for FY09 at 3.22 billion rupees.