Chief Economic Adviser: Increase in Indirect Tax Revenue Collections during July 2015 and first four Months (April-July 2015) of Current Financial Year 2015-16 Indicate that the Underlying Momentum in the Economy Continues to improve across all Sectors; Growth of 14.6 Per Cent (Excluding The Additional Revenue Measures) in Collections in first four Months Suggests a Healthy Increase in Nominal GDP Growth which constitutes the Tax Base for Indirect Tax Collections

Chief Economic Adviser: Increase in Indirect Tax Revenue Collections during July 2015 and first four Months (April-July 2015) of Current Financial Year 2015-16 Indicate that the Underlying Momentum in the Economy Continues to improve across all Sectors; Growth of 14.6 Per Cent (Excluding The Additional Revenue Measures) in Collections in first four Months Suggests a Healthy Increase in Nominal GDP Growth which constitutes the Tax Base for Indirect Tax Collections https://www.taxtmi.com/news?id=14866 Increase in indirect tax collections during July 2015 and April-July 2015 reflects strengthening underlying economic momentum and an expanded tax base from higher nominal GDP; growth persisted across customs, central excise and service tax, and remained robust even when additional revenue measures such as excise hikes, cess increases, withdrawal of exemptions and a service tax rate rise are excluded. en-us Wed, 12 Aug 2015 17:01:38 +0530 Wed, 12 Aug 2015 17:01:38 +0530 TaxTMI RSS Generator Chief Economic Adviser: Increase in Indirect Tax Revenue Collections during July 2015 and first four Months (April-July 2015) of Current Financial Year 2015-16 Indicate that the Underlying Momentum in the Economy Continues to improve across all Sectors; Growth of 14.6 Per Cent (Excluding The Additional Revenue Measures) in Collections in first four Months Suggests a Healthy Increase in Nominal GDP Growth which constitutes the Tax Base for Indirect Tax Collections https://www.taxtmi.com/news?id=14866 Increase in indirect tax collections during July 2015 and April-July 2015 reflects strengthening underlying economic momentum and an expanded tax base from higher nominal GDP; growth persisted across customs, central excise and service tax, and remained robust even when additional revenue measures such as excise hikes, cess increases, withdrawal of exemptions and a service tax rate rise are excluded. News - Wed, 12 Aug 2015 17:01:38 +0530 https://www.taxtmi.com/news?id=14866