New Delhi: Indirect tax collections rose by about 37 per cent during April-May compared to the corresponding period of the last fiscal year.
"The indirect tax growth rate for the first two months of current FY is 36.7 per cent with additional revenue measures (ARM) and 14 per cent without ARM," Revenue Secretary Hasmukh Adhia tweeted.
Indirect tax revenue includes collections from excise, customs and service tax.
He, however, did not provide absolute numbers of indirect tax revenue.
Finance Minister Arun Jaitley has pegged the indirect tax collection target at Rs 7.78 lakh crore in 2016-17, up 9.7 per cent from Rs 7.09 lakh crore of actual collections in the previous fiscal year.
"The indirect tax growth rate for the first two months of current FY is 36.7 per cent with additional revenue measures (ARM) and 14 per cent without ARM," Revenue Secretary Hasmukh Adhia tweeted.
Indirect tax revenue includes collections from excise, customs and service tax.
He, however, did not provide absolute numbers of indirect tax revenue.
Finance Minister Arun Jaitley has pegged the indirect tax collection target at Rs 7.78 lakh crore in 2016-17, up 9.7 per cent from Rs 7.09 lakh crore of actual collections in the previous fiscal year.
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