Indirect tax collection up 44% in H1 at Rs 1.5 lakh cr

The indirect tax kitty comprises customs, central excise and service taxes.  The collection rose to “Rs 1,50,686 crore during April-September 2010. Thus, there is an increase of 44.4 per cent in revenue collections at all India level during April-September 2010 as compared to the corresponding period in previous year,” an official statement said.

According to sources, the rise in indirect tax collection was mainly on account of partial withdrawal of the stimulus measures in the budget, besides economic recovery witnessed in the current fiscal.

In first half of this fiscal, revenue collections from customs jumped 66.8 per cent to Rs 63,229 crore as against the year-ago period. Revenue collections from service tax went up by 14.8 per cent to Rs 26,623 crore in the first half of current fiscal. Total revenue collections of Rs 1,50,686 crore from indirect taxes during the period under review.

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