Indirect tax collection in April-May, the first two months of the financial year 2013-14, grew by a meagre 3.8 per cent to Rs 71,379 crore.
Customs duty collection for the two months was Rs 28,080 crore, while service tax collection was Rs 19,710 crore, said Finance Ministry sources. The excise duty collection for the period was Rs 23,589 crore.
According to the sources, the indirect tax collection in May grew by 4 per cent to Rs 37,695 crore. Customs duty collection for the month stood at Rs 14,997 crore, while service tax and excise duty collections were Rs 8,998 crore and Rs 13,700 crore, respectively.
The government has fixed the target for indirect tax collection, comprising customs, excise and service tax, at Rs 5.65 lakh crore for 2013-14.
In the financial year 2012-13, the government had revised the indirect taxes target to Rs 4.69 lakh crore, as against the budget estimates of Rs 5.05 lakh crore. It managed to exceed the revised target on the back of an aggressive tax collection drive.
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