Indirect tax collection up by 42 pc in first three quarters

Indirect taxes grew by over 42 percent in the first three quarters of this fiscal compared to the previous fiscal year. According to an official release, over two lakh thirty seven thousand crore rupees were collected as indirect taxes till December. With this 75.7 percent of the Budget estimates for this fiscal have been achieved. Custom collections increased by over 68 percent while central excise collection grew by over 33 percent. Apart from customs and central excise duty indirect taxes also include service tax.

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