Indirect tax growth by 20% between April-Nov in State
January, 01st 2011
Reflecting buoyancy in industrial output, the indirect tax collections in Gujarat between April-November period stood at Rs 11,529 crore, showing a growth of 20 per cent as compared to the corresponding period a year ago.
Gujarat comprising Ahmedabad and Vadodara zone has been allocated excise revenue collection target of Rs 18,510 crore for this fiscal by the Central Board of Excise and Customs.
It ranks amongst top five tax paying states in the country. The tax collection in first eight months of this fiscal stood at Rs 11,529 crore as compared to mop up of Rs 9,068 crore in the corresponding period a year ago, showing a rise of 20 per cent," Chief Commissioner Central Excise K K Singh said.
The customs duty collections in the two zones during first eight months of this fiscal stood at Rs 766 crore as compared to Rs 440.23 crore in the corresponding period a year ago, showing a jump of over 74 per cent.
A target of Rs 1,265 crore has been fixed as custom revenue collection for this fiscal by the central excise units. The buoyancy in service tax collection also prevailed, as the revenue collections for first eight months this fiscal rose by 40 per cent.