Direct Tax Collection Up By 12.01 Per Cent Over Last Year, Indirect Tax By 25 Per Cent: Arun Jaitley

Finance Minister Arun Jaitley on Monday said that the overall increase in indirect taxes between April and December this year compared to same period last year is 25 per cent. From April to December this year the increase in direct tax is 12.01 per cent and indirect tax is 25 per cent, compared to last year, Jaitley said.

Here are the highlights from his address:

-We're discussing the issue, have asked Secy DEA to discuss issue with banks, Petroleum Ministry is also in touch- Jaitley on petrol pump transaction fee

-For most states VAT collections have increased: Jaitley

-Central Excise increased 31.6% in December 2016 as compared to December 2015: Jaitley

-From April to Dec this year the increase in direct tax is 12.01% and indirect tax is 25 %, compared to last year : Jaitley

-Overall increase in indirect taxes for the month of April to Dec '16 compared to same figures last year is 25%: Jaitley

-Direct taxes for the first 3 quarters has moved up, indirect taxes significantly moved up: Jaitley

-Compared to November 2016, the growth of Indirect Tax in December 2016 is 12.8%: Jaitley

-In December 2016 compared to last December, the customs has actually declined, it is - 6.3%: Jaitley