Sunday, Apr 28, 2024 | Last Update : 04:00 AM IST
Direct tax collection up over 12 per cent in April-Dec: Jaitley
Finance Minister says for most of the states VAT collections have also increased for period under review.
Mumbai: Finance Minister Arun Jaitley on Monday briefed the media on total direct and indirect tax collections in country.
He said that through April-December period, direct tax collection was up over 12 per cent and indirect tax collection was up 25 per cent.
Net direct tax collections during the period stood at Rs 5.53 lakh crore or 12.01 per cent more than the net collections for April-December 2015.
Net direct tax collections during April-December 2016 is 65.3 per cent of the total budget estimates of direct taxes for FY2016-17.
"Service tax up 23.9 per cent year-over-year basis," Jaitley said.
Total collections from central excise increased 31.6 per cent in December 2016 as compared to December 2015. The customs on the contrary declined at 6.3 per cent in the same period, he said.
Jaitley said that over 99 per cent of central taxes are paid suing the digital mode. "Government is trying to resolve dispute between banks and petrol pumps over surcharge on fuel payment made through cards," he said.
