Indirect tax refunds at Rs 43,409 cr in Apr-Feb

March 11, 2014 07:01 pm | Updated May 19, 2016 07:57 am IST - New Delhi

The revenue department refunded Rs 43,409 crore in customs, excise duty and service tax refunds in April-February this fiscal, which was 27.4 per cent higher than that in the same period last year, the government said on Tuesday.

The department had refunded Rs 37,049 crore in the same period of 2012-13.

Service tax refund was at Rs 2,111 crore during the period under review this fiscal, against Rs 1,328 crore in the year-ago period. Custom tax refund was also higher at Rs 18,144 crore this fiscal, against Rs 14,867 crore last year, according to a Finance Ministry’s release.

Central excise duty refund in April-February FY’14 was 19.5 per cent higher at Rs 23,154 crore compared to Rs 17,884 in the same period of last fiscal.

Government’s indirect tax collection target for 2013-14 is Rs 5.19 lakh crore as per the Revised Budget Estimate.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.