Indirect tax collections exceed estimated target in FY 2014-15
The Dollar Business Bureau The Indirect Tax Collections for the financial year (FY) 2014-15 exceeded the Revised Estimates target of the year by Rs 4,000 crore. This was informed by the Ministry of Finance in an official release on Thursday. According the Ministry of Finance’s release, the total collections as on March 31, 2015, stands at Rs 5,46,479 crore based on the provisional report. The total collections on the last day of the FY2014-15 remained higher than that of the Revised Estimates target of Rs 5,42,325 crore for the FY 2014-15, added the release. Meanwhile, the provisional collections during the FY2014-15 has increased by 9.9%, which is against Rs 4,97,061 crore, the actual amount that was collected during the ...
