Indirect tax collections upto September 2016 stands at Rs 4.08 lakh Crore registering a growth of 25.9 % over corresponding period last year

Categories: News
No Comments

download

The Central Board of Excise and Customs has issued a press release dated October 10, 2016 giving details of indirect tax revenue collections which stands  at Rs 4.08 lakh Crore upto September 2016 registering  a growth of 25.9 % over corresponding period last year. Till September 2016, 52.5% of the Budget Estimates of indirect taxes for Financial Year 2016-17 has been achieved.

As far as Central Excise collections upto the month of September 2016 are concerned, it stands at Rs.1.83 lakh Crore during April-September, 2016, in comparison to Rs.1.25 lakh Crore in the corresponding period of previous year registering a growth of 46.3%.

Further, tax collections for Service tax stood at Rs 1,16,975 Crore upto  the month of September 2016 in comparison to Rs. 95,780 Crore during the same period in last year and there by registering a growth of 22.1% in this period.

Tax collections on account of Customs stands at Rs. 1.08 lakh Crore upto the month of September 2016 as compared to Rs. 1.03 lakh Crore during the same period in last year and there by registering a growth of 4.8% in this period.

Read more at:

 http://www.cbec.gov.in/resources//htdocs-cbec/press-release/press-release-10-10-2016.pdf

Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.
CLOSE
CLOSE