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Indirect tax mop-up rises 22% in April-Jan
March, 10th 2007
Indirect tax collections increased by 22.2 per cent to Rs 1,90,424 crore during April-January 2006-07, as compared to Rs 1,55,859 crore during the corresponding period of the last fiscal. 
 
Customs and excise collections increased by 16.8 per cent to Rs 1,79,265 crore till February this fiscal, as against Rs 1,53,463 crore in the same period last fiscal. 
 
According to data released today, service tax collections grew 64.4 per cent till January 2007 to Rs 28,877 crore, as compared to Rs 17,563 crore in the same period last fiscal. Service tax collections increased by 62.1 per cent to Rs 3,203 crore in January 2007. Given the trend, the government will mop up over Rs 9,292 crore as service tax during February and March of the current fiscal to reach the revised estimate of Rs 38,169 crore for 2006-07.
 
 
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