New Delhi: The centre''s gross tax collection grew
by over 18 per cent to Rs1,94,231 crore in the first nine
months of this fiscal mainly due to growth in direct tax
mop-ups. The gross tax collection improved from Rs1,64,170
crore during April-December 2003-04 with corporation tax,
income tax and customs duties posting double-digit growth
during the nine-month period, according to the figures
collated by Controller General of Accounts.
Th
central government has estimated a net tax mop up of Rs2,33,906
crore for this fiscal.
Corporation
tax receipts grew by a handsome 30 per cent to Rs49,697
crore till December 2004 from Rs38,216 crore in December
2003 in tune with the improved performance of India Inc.
Income Tax collection rose by 21 per cent at Rs31,873
crore in the first nine months of 2004-05.
On
the indirect tax front, customs collections rose by about
13.5 per cent to Rs41,265 crore during the period under
review. Excise duty
mop up was Rs61,837 crore till December this fiscal, which
is 9.5 per cent higher than Rs56,499 crore in the same
period last fiscal.
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