Indirect Tax Collections up to October, 2016 register an increase of 26.7% over the net collections for the corresponding period last year; Net Indirect Collections stood at 4.85 lakh crore; 62.4% of the Budget Estimates of Indirect taxes for FY 2016-17 has been achieved till October, 2016

Indirect Tax Collections up to October, 2016 register an increase of 26.7% over the net collections for the corresponding period last year; Net Indirect Collections stood at 4.85 lakh crore; 62.4% of the Budget Estimates of Indirect taxes for FY 2016-17 has been achieved till October, 2016 https://www.taxtmi.com/news?id=16814 Indirect tax collections for April-October 2016 show year on year growth and progress against the fiscal year budget: net indirect tax receipts aggregated to Rs. 4.85 lakh crore up to October 2016 (26.7% increase) and achieved 62.4% of the Budget Estimates for FY 2016-17. Componentwise, Central Excise grew 45.4%, Service Tax 26.9%, and Customs 4.1%, reflecting varied sectoral contributions to aggregate indirect tax performance. en-us Thu, 10 Nov 2016 10:46:58 +0530 Thu, 10 Nov 2016 10:46:58 +0530 TaxTMI RSS Generator Indirect Tax Collections up to October, 2016 register an increase of 26.7% over the net collections for the corresponding period last year; Net Indirect Collections stood at 4.85 lakh crore; 62.4% of the Budget Estimates of Indirect taxes for FY 2016-17 has been achieved till October, 2016 https://www.taxtmi.com/news?id=16814 Indirect tax collections for April-October 2016 show year on year growth and progress against the fiscal year budget: net indirect tax receipts aggregated to Rs. 4.85 lakh crore up to October 2016 (26.7% increase) and achieved 62.4% of the Budget Estimates for FY 2016-17. Componentwise, Central Excise grew 45.4%, Service Tax 26.9%, and Customs 4.1%, reflecting varied sectoral contributions to aggregate indirect tax performance. News - Thu, 10 Nov 2016 10:46:58 +0530 https://www.taxtmi.com/news?id=16814