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    <title>Net Indirect Tax collection upto February 2017 stood at 7.72 lakh crore, 22.2% more than the corresponding period last year</title>
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    <description>Net indirect tax receipts through February 2017 rose year on year and represent about 90.9% of the Revised Estimates for 2016-17, with Central Excise and Service Tax growing faster than Customs and positive month on month growth across all three heads. Direct tax collections also increased year on year and account for a defined portion of Budget Estimates; however, higher refunds issued in April-February materially reduced net growth in corporate tax while personal tax net growth remained stronger.</description>
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      <description>Net indirect tax receipts through February 2017 rose year on year and represent about 90.9% of the Revised Estimates for 2016-17, with Central Excise and Service Tax growing faster than Customs and positive month on month growth across all three heads. Direct tax collections also increased year on year and account for a defined portion of Budget Estimates; however, higher refunds issued in April-February materially reduced net growth in corporate tax while personal tax net growth remained stronger.</description>
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