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TAX FIGURES FOR NOVEMBER 2016

News and Press Release - Dated:- 9-1-2017 - INDIRECT TAX 1. The figures for indirect tax collections (Central Excise, Service Tax and Customs) up to November 2016 show that net revenue collections are at ₹ 5.52 lakh crore, which is 26.2% more than the net collections for the corresponding period last year. Till November 2016, 71.1% of the Budget Estimates of indirect taxes for Financial Year 2016-17 has been achieved. 2. As regards Central Excise, net tax collections stood at ₹ 2.43 .....

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2016 stood at ₹ 1.48 lakh crore as compared to ₹ 1.40 lakh crore during the same period in the previous Financial Year, thereby registering a growth of 5.6%. 5. During November 2016, the net indirect tax (with ARM) grew at the rate of 23.1% compared to corresponding month last year. The growth rate in net collection for Customs, Central Excise and Service Tax was 16.1%, 33.7% and 15.5% respectively during the month of November, 2016, compared to the corresponding month last year. How .....

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