August 10, 2016 6:50 AM

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Indirect tax collections up 30% to Rs 2.71 lakh crore till July

Reflecting an upturn in economic activity, the Centre's revenue collection has shown an impressive growth in April-July period of this fiscal, with total direct and indirect tax rising to Rs 4.3 lakh crore.Indirect Tax collections rose by 29.9 per cent during the first four months of the current fiscal to about Rs 2.71 lakh crore, mainly on account of 50.8 per cent jump in Excise Revenues. Direct tax revenue rose nearly 24.01 per cent to Rs 1.59 lakh crore in April-July, an official statement said.The government hopes to collect 8.47 lakh crore from Direct Taxes and Rs 7.79 lakh crore from Indirect Taxes, which includes customs, excise and service tax, in current financial year. Personal income tax collection grew 31.47 per cent while corporate taxes registered an increase of 11.65 per cent.

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