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Indirect tax collection News

08 Apr 2022

India's tax collections soar to record Rs 27.07 lakh crore in FY22

Direct taxes came in at Rs 14.10 lakh crore. Indirect taxes like excise duty stood Rs 1.88 lakh crore higher than the budget estimate. Indirect tax mop-up was Rs 12.90 lakh crore, he said.

10 Feb 2017

Indirect tax revenue grows 24% in Apr-Jan; direct tax up 10.79%

Government's revenue collection from indirect tax grew by an impressive 23.9 percent during the April-January period, while that from direct tax rose by 10.79 percent.

26 Jan 2017

Budget: FM may cut taxes, lack of indirect-tax data may make it tough

Finance Ministers usually weave around their welfare spending proposals based on projections of direct and indirect tax collections in the fiscal.

09 Dec 2016

Indirect tax mop-up grows 26.2%, direct tax up 15.12% in April-November

Government's revenue collection in April to November saw indirect tax-mop up growing at an impressive 26.2 percent while that of direct tax came in at 15.12 percent.

16 Aug 2016

Indirect tax collection up 30% in June quarter against last FY

The collection up to June indicate that 25.7 percent of the annual budget target of indirect taxes has been achieved in the first three months of the fiscal.

indirect tax collection

02 Apr 2016

Indirect tax mop-up beats revised estimate target of Rs 7.04 lakh

Total indirect tax collection has surpassed the revised estimate target of Rs 7.04 lakh crore for 2015-16, a senior finance ministry official said on Saturday

India's industrial activities

09 Dec 2015

Indirect tax collection grows by 34% in Apr-Nov period

Reflecting improvement in industrial activities, indirect tax collection jumped 34.3 percent to Rs 4,38,291 crore during the first eight months of current financial year.

10 Nov 2015

Growth in indirect tax collection reflects robust growth: CEA

Growth in collection of indirect taxes in the first seven months of the current fiscal shows robust GDP expansion, Chief Economic Advisor Arvind Subramanian has said.

10 Oct 2015

High indirect tax revenue reflects robust growth: CEA

Growth in collection of indirect taxes in the first half of the current fiscal shows robust GDP expansion, Chief Economic Advisor Arvind Subramanian has said.

indirect tax collection

09 Oct 2015

Indirect tax collection up 35.8% in Apr-Sept period

Bulk of the growth in the indirect taxes has been contributed by excise duty collection which grew 69.6 percent during the period.

10 Jun 2015

Indirect tax collection up 39.2%; excise reflects manufacturing uptick

Indirect tax collection has jumped 39.2 percent in April-May, with excise showing a smart rise reflecting pick up in manufacturing, Finance Minister Arun Jaitley said Wednesday.

03 Jun 2015

Service Tax: Penalty norms encouraging voluntary compliance

In case of voluntary payments along with interest, reduced penalty have been provided depending upon the stage of litigation i.e. Prior to issuance of show cause notice, after issuance of show cause notice but before adjudication or after adjudication.

Government Tax Collection

17 May 2015

Government misses tax collection target by Rs 2,288 cr in FY15

Government has missed the overall revised tax collection target for both direct and indirect taxes by Rs 2,288 cr.

02 Apr 2015

Indirect tax collection exceeds target by Rs 4,000 cr in FY15

The total collection as on March 31 is Rs 5,46,479 crore, based on the provisional report as against revised estimates of Rs 5,42,325 crore for 2014-15, an official statement said.

indirect tax collection

19 Aug 2014

Indirect tax collections up 3.9% in April-July

Indirect tax mop up inched up by 3.9 percent in the April-July quarter of the current fiscal due to decline in custom duty and excise duty collections, reflecting slump in manufacturing activity.

18 Jul 2014

Indirect tax collections up 4.6% in April-June

The indirect tax collection target for 2014-15 fiscal stands at Rs 6.24 lakh crore.

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