TMI BlogTAX FIGURES FOR DECEMBER, 2016X X X X Extracts X X X X X X X X Extracts X X X X ..... TAX FIGURES FOR DECEMBER, 2016 - News and Press Release Dated:- 9-1-2017 - News - INDIRECT TAX The figures for indirect tax collections (Central Excise, Service Tax and Customs) up to December 2016 show that net revenue collections are at ₹ 6.30 lakh crore, which is 25% more than the net collections for the corresponding period last year. Till December 2016, about 81% of the Budget Es ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... timates of indirect taxes for Financial Year 2016-17 has been achieved. As regards Central Excise, net tax collections stood at ₹ 2.79 lakh crore during April-December, 2016 as compared to ₹ 1.95 lakh crore during the corresponding period in the previous Financial Year, thereby registering a growth of 43%. Net Tax collections on account of Service Tax during April-December, 2016 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stood at ₹ 1.83 lakh crore as compared to ₹ 1.48 lakh crore during the corresponding period in the previous Financial Year, thereby registering a growth of 23.9%. Net Tax collections on account of Customs during April-December 2016 stood at ₹ 1.67 lakh crore as compared to ₹ 1.60 lakh crore during the same period in the previous Financial Year, thereby registering a grow ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th of 4.1%. During December 2016, the net indirect tax (with ARM) grew at the rate of 14.2% compared to corresponding month last year. The growth rate in net collection for Customs, Central Excise and Service Tax was -6.3%, 31.6% and 12.4% respectively during the month of December, 2016, compared to the corresponding month last year. The de-growth in customs collections appear to be on accou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt of a decline of gold imports by about 46% (in volume terms) in December 2016 over December 2015. ************************* - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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