Indirect tax collection rises by 43%

Jul 10, 2010 |

Correspondent

Reflecting a marked recovery in industrial activity, indirect tax collections zoomed by 43 per cent to Rs 56,930 crore in the first quarter of this fiscal. The revenue from customs, excise and service tax, which make up the indirect taxes, during the April-June quarter of 2010-11 fiscal stood at Rs 56,930.15 crore, up from Rs 39,693.78 crore in the year-ago period, a finance ministry official said. Out of the total indirect tax collections, realisation from customs zoomed by 60 per cent to Rs 28,135 crore and excise by 55 per cent to Rs 19,536 crore. Service tax collection, however, declined by 3 per cent to Rs 9,258 crore during the reporting quarter.

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