Indirect Tax Revenue (Provisional) collections during October 2015 increased by 36.8% as compared with collections made in October 2014; Cumulatively, during April-October 2015, Indirect Tax Collections increased by 35.9% over the collections made during the same period last year suggesting a healthy growth in the underlying tax base

Indirect Tax Revenue (Provisional) collections during October 2015 increased by 36.8% as compared with collections made in October 2014; Cumulatively, during April-October 2015, Indirect Tax Collections increased by 35.9% over the collections made during the same period last year suggesting a healthy growth in the underlying tax base https://www.taxtmi.com/news?id=15171 Provisional indirect tax collections for April-October 2015 rose substantially year on year and exceeded the proportionate share of the budget estimate for the period. Central Excise registered the largest increase, Service Tax rose moderately, and Customs grew at a lower rate. The statement attributes part of the rise to government measures (excise increases on diesel and petrol, higher clean energy cess, withdrawal of exemptions, and an increase in Service Tax rates) and separately reports an exclusionary growth figure that nonetheless indicates expansion of the underlying tax base. en-us Tue, 10 Nov 2015 09:32:29 +0530 Tue, 10 Nov 2015 09:32:29 +0530 TaxTMI RSS Generator Indirect Tax Revenue (Provisional) collections during October 2015 increased by 36.8% as compared with collections made in October 2014; Cumulatively, during April-October 2015, Indirect Tax Collections increased by 35.9% over the collections made during the same period last year suggesting a healthy growth in the underlying tax base https://www.taxtmi.com/news?id=15171 Provisional indirect tax collections for April-October 2015 rose substantially year on year and exceeded the proportionate share of the budget estimate for the period. Central Excise registered the largest increase, Service Tax rose moderately, and Customs grew at a lower rate. The statement attributes part of the rise to government measures (excise increases on diesel and petrol, higher clean energy cess, withdrawal of exemptions, and an increase in Service Tax rates) and separately reports an exclusionary growth figure that nonetheless indicates expansion of the underlying tax base. News - Tue, 10 Nov 2015 09:32:29 +0530 https://www.taxtmi.com/news?id=15171