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  • Indirect tax collections pace up, grows 37.5%

    Published on July 11, 2015

    Indirect tax revenues grew 37.5% in the first quarter of current fiscal.The indirect tax collections which include excise, Customs and service taxes grew by 14.5% in the first quarter from a year ago.

    The collections have been further marked by a 50 % growth in excise duty in June which partially reflects the slew of duty hikes the government has resorted to.

    Analyst believe that the govecurrencynotesrupeesrnment has achieved approximately 20 % of its budgeted target for indirect tax collections in the first three months of the fiscal year itself.