Revenue is Booming – 44.4 percent increase in Indirect taxes
April-Sep 2010 (Rs. Crores) | Percentage increase over previous year corresponding period | |
|---|---|---|
Customs | 63229 | 66.8 |
Central Excise | 60834 | 40.7 |
Service Tax | 26623 | 14.8 |
Total | 150686 | 44.4 |
HOWEVER encouraging the results are, the collections for the first six months are 48.1% of the Budget Estimates and if the Service Tax Revenue was a little better, maybe they would have crossed the 50% mark. This proves that the estimates were after all very accurate.