Indirect Tax Revenue Collection up 9.9 Percent in 2014-15

The government on Thursday provisionally reported an increase of 9.9 percent in indirect tax collection at Rs.546,479 crore during April-March 2014-15 on a provisional basis. According to finance ministry, the collection during last fiscal stood at Rs.497,061 crore.

“The indirect taxes collections for the Financial Year (FY) 2014-15 has exceeded the revised estimates (RE) target of FY 2014-15 by Rs.4,000 crore,” the ministry said in statement. The revised estimates target for indirect tax revenue collection had been pegged at Rs.542,325 crore for the FY 2014-15.

The indirect tax revenue collection during April-February 2014-15 had increased by 7.4 percent (provisional) and stood at Rs.478,630 crore from Rs.441,565 crore. (IANS)