Indirect tax collection up 13.5% in July

Written by:
Subscribe to Oneindia News

New Delhi, Aug 14 (UNI) Riding on good collection of custom duties, indirect tax collection rose up by 13.5 per cent to Rs 20,019 crore for the month of July.

On the other hand, the Central Excise collection during the month soared by 8.9 per cent, realisation from custom duties increased by 18.7 per cent in the month over the corresponding period last year, according to an official data issued here today.

Total indirect tax collection during the month worked out to be Rs 20,019 crore from Rs 17,639 crore recorded in July 2007.

The indirect tax collection during April-July period increased by 12 per cent to Rs 74,359 crore.

During the four-month period of the current fiscal, customs realisation increased by 20.3 per cent, while excise revenues were up 4.4 per cent only.

As regards Service Tax, the data said, collection during June increased by 21 per cent to Rs 5,064 crore.

During the first quarter (April-June), the service tax collection surged 29 per cent to Rs 14,838 crore.


Please Wait while comments are loading...