Indirect tax mop up grows 26% to Rs 4.08 lakh crore in Apr-Sept
PrintListen to this Article
0:00
0:00
Indirect tax collections during the first half of the current fiscal grew 25.9 percent to Rs 4.08 lakh crore mainly on account of 46 percent jump in excise duty mop up.
The net indirect tax collection in the April-September period accounts for 52.5 percent of the Budget 2016-17 estimates.
A finance ministry statement said net tax collections of central excise jumped 46.3 percent to Rs 1.83 lakh crore during April-September, as compared to Rs 1.25 lakh crore in the year-ago period.
Net service tax mop up during April-September grew 22.1 percent to Rs 1.16 lakh crore, compared to Rs 95,780 crore during the 6-month period of last fiscal.
Net customs duty collection during the six month period of 2016-17 stood at Rs 1.08 lakh crore as compared to Rs 1.03 lakh crore, a growth of 4.8 percent.
Government hopes to collect Rs 8.47 lakh crore from direct taxes and Rs 7.79 lakh crore from indirect taxes, which includes customs, excise and service tax, in 2016-17. #casansaar (PTI - First Post)
The net indirect tax collection in the April-September period accounts for 52.5 percent of the Budget 2016-17 estimates.
A finance ministry statement said net tax collections of central excise jumped 46.3 percent to Rs 1.83 lakh crore during April-September, as compared to Rs 1.25 lakh crore in the year-ago period.
Net service tax mop up during April-September grew 22.1 percent to Rs 1.16 lakh crore, compared to Rs 95,780 crore during the 6-month period of last fiscal.
Net customs duty collection during the six month period of 2016-17 stood at Rs 1.08 lakh crore as compared to Rs 1.03 lakh crore, a growth of 4.8 percent.
Government hopes to collect Rs 8.47 lakh crore from direct taxes and Rs 7.79 lakh crore from indirect taxes, which includes customs, excise and service tax, in 2016-17. #casansaar (PTI - First Post)
Category : General | Comments : 0 | Hits : 288
Also Read -
India Features in World Bank’s Top Five Rankings for Private Investment in Infrastructure
Infrastructure remains a cornerstone of India’s long-term growth framework, with public capital expenditure maintaining a consistent upward momentum since FY15. A defining development in th...
Also Read -
India's FY26 GDP Growth Projected at 7.4%, Supported by Strong Consumption and Investment Momentum
India’s economy is projected to expand by 7.4 per cent in FY26, supported by the twin drivers of consumption and investment, reinforcing its position as the world’s fastest-growing major e...
Retirement fund body EPFO has said it will no longer use Aadhaar as a valid document for proof of date of birth. In an official circular on January 16, the Employees' Provident Fund Org...
Comments