Indirect tax collections rise by 16.8 per cent

Indirect tax collections rise by 16.8 per cent

However, Central Excise collections dropped by 6.5 per cent to Rs 11,761 crore in November, mainly on account of cut in petroleum duties and lesser clearances.

The excise duty collections increased by 9.3 per cent in the April-November period to Rs 94,441 crore as against Rs 86,379 crore in the same period, last year. Realisation from customs duties increased by about 15.2 per cent to Rs 1,00,062 crore, figures showed.

Data also revealed that total indirect tax mop up in November went up 6.36 per cent at Rs 31,082 crore from Rs 29,222 crore in the same month last year. The biggest contribution to the indirect tax collections came from service tax, which expanded 35.29 per cent in the April-November period to Rs 58,041 crore, as against Rs 42,901 crore in the corresponding period of last year.

Service tax mop-up in November increased by a robust 41.7 per cent to Rs 7,232 crore, against Rs 5,102 crore in the same month last year.

Besides, realisation from customs in November rose 4.7 per cent to Rs 12,089 crore.

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