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Indirect tax collection can fall short of FY17 target
April, 15th 2017

The indirect tax collection for Pune zone is likely to fall short of the overall target for the fiscal ended March 31,2017, as collections were affected in the aftermath of demonetisation.

The central excise target for the zone fell short by around Rs 350 crore. However, service tax and customs collection softened the blow.

The overall target for service tax, customs and central excise was Rs 20,130 crore. However, about Rs 19,933 crore could be collected, resulting in an indirect tax shortfall of Rs 197 crore for the zone. The zone includes Pune district, Solapur district, Kolhapur, Goa, and adjoining areas.

"The indirect tax collection was somewhat affected by demonetisation," said a senior service-tax officer.

Service tax collection was around Rs 9,100 crore as on March 31, against a target of Rs 9,500 crore. There were, however, some yet-to-be accounted receipts that the officer said, will help them come close to the target.
Collections from customs was Rs 3,283 crore, against a target of Rs 3,130 crore. Value added tax collection is, however, not included in this calculation.

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