Revenue Boom
THE Indirect Taxes Revenue for the first quarter of 2016-17 has seen a phenomenal hike in Revenue Collection with a 30.8% growth. Central Excise sees a rise of 50.1%. The total Indirect Taxes Revenue is nearly Rs. 2 lakh crores.
The direct tax collections upto June, 2016 indicate net revenue collection of Rs.1.24 lakh crore which is a growth of 24.79% over the corresponding period last year.
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