New Delhi, Oct 11 : Revenue collection during the first six months of the current financial year went up by 19.21 per cent despite poor showing by the Customs. Realisation from Customs during the first half was up by only 5.14 per cent and during the month of September only 2.15 per cent.According to revenue department, tax collection during April-September 2000 was Rs 82,312.02 crore as against Rs 69,049.15 crore in the corresponding period last year.
The officials in the ministry, however, pointed out that the six-monthly revenue figures reveal that the overall collections were ahead of the growth target. The government had planned 17.3 per cent increase in revenue collections during 2000-01.
As far as direct taxes were concerned, the tax collection was up by 43.32 per cent during the six-month period. On the other hand realisation from indirect taxes remained tardy with both customs and excise not doing very well. The growth in indirect taxes worked out at 10.37 per cent during April-September 2000.
Total collection of indirect taxes during April-September 2000 was Rs 55,771.25 crore as compared with Rs 50,530.71 crore.
The collection of excise duties up to the end of September 2000 was Rs 30,771.44 crore as compared with Rs 26,972.31 crore during the corresponding period last year, registering a growth of 14.09 per cent. On the customs side, realisation during the six-month period was Rs 23,331.75 crore as compared with Rs 22,191.08 crore during the corresponding period last year. The growth works out at 5.14 per cent.
In case of direct taxes total collection during April-September 2000 was Rs 26,540.77 crore as against Rs 18,518.44 crore in the corresponding period last year.
The collection of income tax during the six-month period was Rs 12,938.91 crore as compared with Rs 8,925.28 crore during the corresponding period last year, showing an increase of 44.97 per cent. Realisation from corporation tax during the period was Rs 13,450.33 crore as compared with Rs 9,506.36 crore during April-September 1999. The growth works out at 41.49 per cent.
As far as the month of September was concerned, total revenue realisation worked out to be Rs 21,515.81 crore as compared to Rs 18,710.28 crore during the corresponding month last year, representing an increase of 14.99 per cent.
The collection of income tax during September was Rs 3,657.44 crore as compared with Rs 2,623.55 crore during the corresponding month last year, representing an increase of 39.41 per cent.
Collection of corporation tax during the month was Rs 7,751.81 crore as against Rs 6,641.77 crore last year,showing an increase of 16.71 per cent.
Total collection of direct taxes during September was Rs 11,435.24 crore asagainst Rs 9,557.34 crore during the corresponding month last year, showingan increase of 19.65 per cent.
The collection of excise duties during September was Rs 5,750 crore ascompared with Rs 4,952.91 crore during the corresponding month last year.
The excise collection was up by 16.09 per cent. Collection of customs duringthe month was Rs 4,128.15 crore as compared with Rs 4,041.11 crore,registering an increase of 2.15 per cent.
Total collection of indirect taxes during September 2000 was Rs 10,080.57crore as against Rs 9,152.94 crore during the corresponding month last year,representing an increase of 10.13 per cent.
Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.