Government’s revenue collection from indirect tax grew by an impressive 23.9 per cent during the April-January period, while that from direct tax rose by 10.79 per cent.
Total direct and indirect tax collections at the end of January stood at Rs 12.85 lakh crore, 76 per cent of the Rs 16.99 lakh crore target, as per revised estimate for 2016-17.
Belying fears of slowdown due to demonetisation, indirect tax collection grew at a decent 16.9 per cent in January buoyed mainly by excise, reflecting an uptick in manufacturing.
At the end of January, the total direct tax collection stood at Rs s 5.82 lakh crore and indirect tax-mop up was Rs 7.03 lakh crore led by robust collections in personal income tax and excise duty, respectively.