Financial Daily from THE HINDU group of publications
Tuesday, Sep 14, 2004
Financial Daily from THE HINDU group of publications Tuesday, Sep 14, 2004 |
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Taxation Industry & Economy - Taxation Indirect tax collections up 9.5 pc in April-Aug Our Bureau
New Delhi , Sept. 13 THE Centre's indirect tax collections have increased by 9.5 per cent during the first five months of the current fiscal at Rs 59,452 crore compared with Rs 54,292 crore achieved in the same period last year. While customs collections during April-August 2004 stood at Rs 19,793 crore (growth rate of 4.2 per cent), the excise collections in the same period stood at Rs 35,563 crore (7.8 per cent). Service tax collections stood at Rs 4,095 crore during April-August 2004. For 2004-05, the Centre has budgeted customs collections at Rs 54,250 crore. In the case of excise duties, the target has been pegged at Rs 1,09,199 crore. Direct tax collections had recorded a 46 per cent growth in the first five months of the current fiscal at Rs 21,187 crore against Rs 14, 528 crore in the same period last year.
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