Overall growth in revenue collections on account of indirect taxes excluding additional revenue measures is 17%. Photo: Rajkumar/Mint

common growth in revenue collections because of indirect taxes apart from extra revenue measures is 17%. picture: Rajkumar/Mint
New Delhi: oblique tax collections jumped 42% in April on sharp upward push in excise collections owing toelevated responsibility on petrol and diesel.

indirect tax collections for the month of April 2016 changed into Rs.sixty four,394 crore registering a boomof 41.eight% in comparison to Rs.forty five,417 crore accumulated at some stage in the equal lengthprevious 12 months,” an respectable declaration stated.

Excise collections soared 70.7% to Rs.28,252 crore in April as compared to Rs.16,546 crore a year ago.

The government had among November 2015 and January 2016 raised excise obligation on petrol and diesel five times to elevate an additional Rs.17,000 crore in 2015-sixteen fiscal.

The five excise duty hikes totalled Rs.four.02 a litre on petrol and Rs.6.87 according to litre on diesel.

universal increase in sales collections because of indirect taxes except additional revenue measures is 17%,” the assertion said.

additional revenue measures consist of elevating of excise duty on car fuels. The collections in April areeight.3% of the budgeted goal for the 2016-17 fiscal.

Finance minister Arun Jaitley has pegged oblique tax collections at Rs.7.seventy eight lakh crore in 2016-17, up 9.7% from Rs.7,09,022 crore actual collections of the preceding fiscal.

service tax collections in April rose 28% to Rs.18,647 crore as compared to Rs.14,585 crore inside the yearin the past period.

Customs or import obligation collections were Rs.17,495 crore, 22.five% better than Rs.14,286 croreaccrued in April 2015.

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