Indirect tax collections jumped 34.3 per cent, to ₹4,38,291 crore, in April-November this fiscal from ₹3,26,273 crore a year ago. This is mainly due to the higher excise duty on fuel and expected improvement in industrial activity.
The collections amount to nearly 68 per cent of the Budget estimate of ₹6,46,267 crore in 2015-16.
Data released by the Finance Ministry on Wednesday reveal that indirect tax receipts grew 24.3 per cent (year-on-year) in November to ₹55,297 crore.
The sharpest rise was in excise duty collections that grew 67.1 per cent, to ₹1,70,693 crore, in April-November. In November, excise revenues rose 58.3 per cent to ₹23,033 crore.
Service tax receipts too shot up 25 per cent in the first eight months of this fiscal to ₹1,27,675 crore. In November, service tax receipts grew 16.1 per cent to ₹14,789 crore.
Meanwhile, the mop-up from Customs duty rose 14.7 per cent, to ₹1,39,923 crore, during April-November. In November, however, it rose a mere 1.7 per cent, to ₹17,475 crore.
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