December 12, 2014 7:55 AM

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Indirect tax collections rise 7.1% in April-November 2014

Indirect tax collections has registered an increase of 7.1 percent during April-November 2014 over the corresponding period in the previous year. An official release said, Indirect Tax Revenue (Provisional) collections have increased to Rs 3,28,662 crore from Rs 3,06,814 crore in April-November 2013. This is mainly on account of increase in revenue from service tax and customs.Service Tax collections have also increased from Rs 91,982 crore to Rs 1,02,592 crore during April-November 2014, registering an increase of 11.5 percent. However, excise collection declined by 0.2 percent during the eight months period to Rs 1,02,762 crore.

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