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Chief Economic Adviser: Increase in Indirect Tax Revenue Collections during July 2015 and first four Months (April-July 2015) of Current Financial Year 2015-16 Indicate that the Underlying Momentum in the Economy Continues to improve across all Sectors; Growth of 14.6 Per Cent (Excluding The Additional Revenue Measures) in Collections in first four Months Suggests a Healthy Increase in Nominal GDP Growth which constitutes the Tax Base for Indirect Tax Collections

Dated:- 12-8-2015 - The Chief Economic Adviser Dr Arvind Subramanian said that increase registered in Indirect Tax Collections during the first four months (April-July 2015) of the Current Financial Year 2015-16 indicate that the underlying momentum .....

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s a healthy increase in nominal GDP growth which constitutes the tax base for indirect tax collections. The Chief Economic Adviser was responding to the Indirect Tax Collections figures released yesterday for the month of July 2015 by the Central Boa .....

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