Indirect tax collections rise 42.4% in April-October this year
November, 17th 2010
Revenue collections from indirect taxes - Customs, Central Excise and Service Tax - were up 42.4 per cent during April-October this year, as compared to the same period last year to touch Rs 1,80,261 crore, an official statement said here today.
The collections in the first seven months of the current financial year were 57.5 per cent of the Budget Estimats for 2010-11, it said.
The statement said the maximum collections of Rs 75, 349 crore had been made from Customs alone during April October 2010, which is 65.9% higher than the collections made in same period of the previous year.
Collections from Central Excse totalled Rs. 71,078 crore during April October this year, which is 36.2% higher than the collections made in the corresponding period of 2009-10.
Service tax collections stood at Rs 33,833 crore during April October 2010 which is 16.9% higher than the collections made in the corresponding period last year, the statement added.