TaxTMI 
TaxTMI 
TAX FIGURES FOR NOVEMBER, 2016
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....AX FIGURES FOR NOVEMBER, 2016 <br>Customs, DGFT & SEZ<br>Dated:- 9-1-2017<br><BR>INDIRECT TAX 1. The figures for indirect tax collections (Central Excise, Service Tax and Customs) up to November 2016 show that net revenue collections are at Rs. 5.52 lakh crore, which is 26.2% more than the net collections for the corresponding period last year. Till November 2016, 71.1% of the Budget Estimates of....
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.... indirect taxes for Financial Year 2016-17 has been achieved. 2. As regards Central Excise, net tax collections stood at Rs. 2.43 lakh crore during April-November, 2016 as compared to Rs. 1.69 lakh crore during the corresponding period in the previous Financial Year, thereby registering a growth of 43.5%. 3. Net Tax collections on account of Service Tax during April-November, 2016 stood at Rs. 1....
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.....60 lakh crore as compared to Rs. 1.27 lakh crore during the corresponding period in the previous Financial Year, thereby registering a growth of 25.7%. 4. Net Tax collections on account of Customs during April-November 2016 stood at Rs. 1.48 lakh crore as compared to Rs. 1.40 lakh crore during the same period in the previous Financial Year, thereby registering a growth of 5.6%. 5. During Novemb....
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....er 2016, the net indirect tax (with ARM) grew at the rate of 23.1% compared to corresponding month last year. The growth rate in net collection for Customs, Central Excise and Service Tax was 16.1%, 33.7% and 15.5% respectively during the month of November, 2016, compared to the corresponding month last year. However, the total indirect tax collection (with ARM) for the month of November 2016 show....
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....ed a decline of 13.9% over October 2016 figures. 6. The net indirect tax collection up-to November, 2016 shows a growth of 26.2% (with ARM) and 8.0% (without ARM) over the corresponding period of previous year. This growth rate up-to October, 2016 was 26.7% (with ARM) and 8.0 % (without ARM). 7. The month-wise cumulative indirect tax growth trends (without ARM) in FY 2016-17 is shown belo....
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....w. ============= Document 1 Cumulative Indirect tax Growth (in %) without ARM 20 20 16.4 13.8 15 11.3 9.2 10 5 7.7 8.0 6.9 8.0 Indirect tax Growth( in %) without April Up-to May Up-to June Up-to July Up-to Up-to Up-to August September October November Up-to ARM<BR> News - Press release - PIB....