Indirect tax revenue jumped over 37 per cent to over Rs2.1 lakh crore during April-July period of current fiscal, on the back of higher excise collections.The indirect tax collections were at Rs1.53 lakh crore during the similar period of the previous fiscal, a finance ministry statement said on Tuesday.
While in July 2015-16, the indirect tax collections grew by 39.1 per cent from a year ago period to Rs56,739 crore.“Indirect tax revenue collections have increased from Rs40,802 crore in July 2014 to Rs56,739 crore during July, 2015.
“Thus an increase of 39.1 per cent has been registered during July-2015 over the corresponding period in the previous year. This is an achievement of 32.6 per cent of the target fixed for BE 2015-16 Rs64,6267 crore,” said the release.