Total collection of indirect taxes -- excise, customs and service tax -- stood at about Rs 3,55,003 crore (Rs 3,550.03 billion) during the first nine months of 2013-14 as against Rs 3,34,309 crore (Rs 3,343.09 billion) in the year-ago period, sources in the Finance Ministry said.
Excise collection dropped 4.5 per cent during the period to Rs 1,18,405 crore (Rs 1,184.05 billion), against Rs 1,24,016 crore (Rs 1,240.16 billion) in the same period in the last fiscal year, reflecting slump in manufacturing activity.
Customs mop-up was higher by 6.7 per cent to Rs 1,26,285 crore (Rs 1,262.85 billion) during the period, against Rs 1,18,393 crore (Rs 1,183.93 billion) in the same period last fiscal, sources said.
Service tax collection, which has become a new focus area for revenue officials, grew by 20 per cent to Rs 1,10,313 crore (Rs 1,103.13 billion) in April-December against Rs 91,900 crore (Rs 919 billion)
BJP wants to do away with Income Tax; is it practical?
Modi pleases India Inc with tax talk
Income Tax department eyes foreign gold buyers
SPECIAL: What ails the public sector banks
House panel raps FinMin over dated NPA data