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Demonetisation: FM Jaitley dismisses slowdown concerns, says higher tax mop up indicates uptick in economic activity

Demonetisation: FM Jaitley dismisses slowdown concerns, says higher tax mop up indicates uptick in economic activity

Finance Minister Arun Jaitley on Monday said that the indirect and direct tax collections between April and December this year increased by 25 percent and 12.01 percent respectively compared to the same period last year.

Indirect tax mop up zooms 30.8% to Rs 1.99 lakh cr in Apr-Jun

Indirect tax collections rose by about 30.8 percent during April-June period to Rs 1,99,790 crore compared to the same period last fiscal.

Direct tax collection picks up 18% to Rs 43,391 crore in Apr-May

Direct tax collection picks up 18% to Rs 43,391 crore in Apr-May

What comes out as a good news for the economy, a jump of 18 percent to Rs 43,391 crore was registered in net direct tax collections during the first two months of the current fiscal, the government said on Friday.

Indirect tax collections up 41.8% at Rs 64,394 crore in April

Indirect tax collections up 41.8% at Rs 64,394 crore in April

Indirect tax collections for the month of April 2016 stood at Rs 64,394 crore registering a growth of 41.8 percent as compared to Rs 45,417 crore collected during the same period previous year.

Spurt in indirect tax mop up to help govt meet FY16 target

Spurt in indirect tax mop up to help govt meet FY16 target

After two successive years of revising downward the tax revenue target, fiscal 2015-16 which ends on March 31 is likely to see tax revenue target of Rs 14.49 lakh crore being met.

 

Indirect tax mop-up paces up, grows 36% during Apr-Oct 2015

In October 2015, indirect tax revenue collections rose 36.8 percent from a year ago.

36.5% rise in indirect tax receipts a huge positive: Jaitley

The 36.5 percent rise in indirect tax collections "looks bigger because of certain additional revenue measures which we took since November last year", Jaitley said.

Indirect tax collections grow 36.5% to Rs 2.63 lakh crore

Indirect tax collections rose 36.5 percent in April-August to over Rs 2.63 lakh crore, suggesting that the underlying momentum in the economy is strong, the Finance Ministry said Wednesday.

Govt can spend Rs 37,200-cr more and still meet deficit target

The government can spend an additional Rs 37,200 crore more this fiscal year in infra investments or bank recapitalisation and still not miss the 3.9 percent fiscal deficit target, the domestic ratings agency India Ratings said in a report Wednesday.

Indirect tax collection growth shows economy improving: CEA

Indirect tax collection growth shows economy improving: CEA

The Finance Ministry on Wednesday said a steady 37 percent growth in indirect tax collections in four months to July reflects that underlying momentum in the economy is improving.

Indirect tax revenue surges 37% to Rs 2.1 lakh crore in Apr-Jul

Indirect tax revenue jumped over 37 percent to over Rs 2.1 lakh crore during April-July period of current fiscal, on the back of higher excise collections.

Direct tax collections rise 5.67% during Apr-Nov

The government's direct tax collections during April-November of this fiscal rose 5.67 percent to Rs 3.29 lakh crore over the same period a year ago.

'Oil duty hike to shore up govt revenue by Rs 11,000 cr'

The excise duty hike on petrol and diesel by Rs 1.50 per litre will generate Rs 11,000 crore in additional revenue for the government this fiscal, India Ratings said on Friday.

Indirect tax collections rise 5.6% in Apr-Oct

Indirect tax revenues rose marginally by 5.6 percent in the April-October period to over Rs 2.85 lakh crore, mainly on account of increase in service tax and customs collections.

Indirect tax collections up 4.6% in Apr-Aug

Indirect tax mop up inched up by 4.6 percent in the April-August period of this fiscal, while customs duty and excise duty collections rose marginally.

Indirect tax collections up 4.6% in April-August

Indirect tax collections rose by 4.6 percent from Rs 1,85,881 Crore in April-August 2013 to 1,94,492 Crore during April-August 2014.

Indirect tax collections up 4.5% in April-June

Indirect tax mop up inched up by 4.5 percent in the April-June quarter of the current fiscal due to decline in custom duty and excise duty collections, reflecting slump in manufacturing activity.

Indirect tax collections up 6.2% in Apr-Dec

Amid slowing economy, indirect tax collections grew by 6.2 percent in the April-December period of this fiscal.

Indirect tax collections rise by 20% to Rs 4.17 trillion in Apr-Feb

Indirect tax collections has registered growth of 20 percent to Rs 4.17 lakh crore in April-February period of the ongoing fiscal.

Indirect Tax collection up 13.8% on April-June

Indirect tax collections during the April-June period rose by 13.8 percent to over Rs 1.07 lakh crore, much slower than the targeted 27 percent growth for this fiscal.