Lok Sabha Question No. 2379 (UNSTARRED), answered on 2016-03-11
Subject: Tax Collection
Ministry: FINANCE
Asked by: R. GOPALAKRISHNAN, KANWAR SINGH TANWAR

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF REVENUE

## LOK    SABHA

## UNSTARRED QUESTION NO. 2379

TO BE ANSWERED ON FRIDAY, THE 11 th  MARCH, 2016

21 st  Phalguna, 1937 (SAKA)

## TAX COLLECTION

2379.   SHRI R. GOPALAKRISHNAN:

SHRI KANWAR SINGH TANWAR:

Will the Minister of FINANCE be pleased to state:

- (a) the category-wise details of targets fixed for Direct and Indirect taxes and the actual revenue collected in each of the last three years and the reasons for not meeting the targets, if any;
- (b) the category-wise break up of revenue forgone during each of the last three years;
- (c) the fiscal deficit of the Central Government during the same period; and
- (d) the action taken by the Government to reduce the fiscal deficit?

## ANSWER MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI JAYANT SINHA)

- (a) The  details  of  targets  fixed  for  Direct  and  Indirect  taxes  and  the  actual  revenue collected in each of the last three years are as under:-

## Direct Tax

| Financial Year   | Budget Estimates (Rs. in Crores)   | Revised Estimates (Rs. in crore)   | Actual Collections (Rs. in crore)   |
|------------------|------------------------------------|------------------------------------|-------------------------------------|
| 2012-13          | 5,70,257                           | 5,65,835                           | 5,58,658                            |
| 2013-14          | 6,68,109                           | 6,36,318                           | 6,38,543                            |
| 2014-15          | 7,36,221                           | 7,05,628                           | 6,95,744                            |
| 2015-16          | 7,97,995                           | 7,52,021                           | 5,54,179*                           |

The shortfall from Revised Estimates in some years is within reasonable limits. This year the estimate for direct taxes collection has been revised to Rs. 752021 crore.  The revised estimates for direct taxes collection are likely to be achieved.

## Indirect Tax

| Financial Year   | Budget Estimate (Rs. in Crores)   | Revised Estimate (Rs. in Crores)   | Actual Collection (Rs. in Crores)   |
|------------------|-----------------------------------|------------------------------------|-------------------------------------|
| 2012-13          | 5,05,044                          | 4,69,546                           | 4,74,482                            |
| 2013-14          | 5,65,003                          | 5,19,520                           | 4,97,061                            |

| 2014-15                          | 6,24,902   | 5,42,325   | 5,45,937     |
|----------------------------------|------------|------------|--------------|
| 2015-16 (April to January, 2016) | 6,47,919   | 7,03,642   | *5,69,057(P) |

There was shortfall in F.Y 2013-14 mainly on account of low level of industrial output (as the growth in Index of Industrial Production (IIP) for 2013-14 was -0.1% over 2012-13) and negative growth (-8.3%) in overall import value (in US$ terms) during 2013-14 over 2012-13.

- (b) The details of revenue forgone during last three years are as under:-

## Direct Tax

| Financial Year   | Revenue Foregone ( Rs. in Crores.)   |
|------------------|--------------------------------------|
| 2012-13          | 1,02,256                             |
| 2013-14          | 93,047                               |
| 2014-15          | 1,18,593                             |

## Indirect Tax:

| Financial Year   | Revenue foregone (Rs. in Crores)   | Revenue foregone (Rs. in Crores)   |
|------------------|------------------------------------|------------------------------------|
|                  | Excise Duty                        | Customs Duty                       |
| 2012-13          | 2,09,940                           | 2,54,039                           |
| 2013-14          | 1,96,223                           | 2,60,714                           |
| 2014-15          | 1,96,789                           | 2,38,967                           |

- (c)   Fiscal deficit of the Central Government during last three years is as below:
- (d)  Government is committed to carry forward the process of fiscal consolidation as per targets assigned  by  the  FRBM  Act.  Fiscal  consolidation  has  been  designed  with  judicious  mix  of rationalisation in total expenditure as a percentage of GDP and improvement in gross tax and non-tax revenues as a percentage of GDP. To mobilize higher amount of resources, Government has  been  taking  legal,  administrative  and  technological  measures.  On  the  expenditure  side, Government has been taking measures for expenditure management, including through subsidy reforms etc.

| Financial Year   | Fiscal Deficit   | Fiscal Deficit   |
|------------------|------------------|------------------|
|                  | (Rs in Crores)   | %of GDP          |
| 2012-13          | 4,90,190         | 4.9              |
| 2013-14          | 5,02,863         | 4.4              |
| 2014-15          | 5,10,817         | 4.1              |

Source: Controller General of Accounts

Note: GDP at current prices, 2011-12 series

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