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Indirect tax collection for the 1st quarter of 2016-17 indicates a growth rate of 30.8%

| | Jul 09, 2016, at 01:39 am
#Indirect tax collection #Tax collection
New Delhi, July 8 (IBNS) The figures of indirect tax collection for the 1st quarter of current fiscal 2016-17 indicates a growth rate of 30.8% as compared to the 36.3% in the corresponding period of previous financial year, government data revealed on Friday.

Once the Additional Resource Mobilization(ARM) is removed, the growth rate in Q1 is 10.2%[Customs: 11.2%, Central Excise: 13.9% & Service Tax: 4.3%].

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