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Indirect tax collections up 20 per cent in April-February
April, 05th 2013

Indirect tax collections have registered a growth of 20 per cent at Rs.4.17 lakh crore in the first 11 months of the current fiscal.

The Budget targeted 27 per cent growth in indirect tax collections in 2012-13.

Excise duty collections during the same period totalled Rs.1.54 lakh crore, while customs duty mop up was at Rs.1.5 lakh crore, according to sources in the tax department.

Service tax

Service tax collections were Rs.1.13 lakh crore during the period.

The government had fixed the target of indirect tax collections at Rs.5.05 lakh crore for the current fiscal, an increase of about 27 per cent from the 2011-12 target.

In February, indirect tax collections were Rs.41,000 crore.

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