Finance Minister Arun Jaitley (PRAKASH SINGH/AFP/Getty Images)
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Impact Of Demonetisation Visible In Double-Digit Growth In Tax Collection Figures: Arun Jaitley
Finance Minsiter Arun Jaitley today (29 December) said that the impact of demonetisation is clearly visible with India's tax collection figures seeing double-digit growth. He said at a press conference:
The impact of demonetisation on tax revenue and collection is already visible. There has been a 26.2 per cent increase in central indirect tax collection till 30 November. Till 19 December, direct tax collection increase has been to the extent of 14.4 per cent.
The Ministry of Finance tweeted:
Jaitley also reported the excise duty, custom duty and service tax figures.
The finance minister said life insurance, tourism, petroleum consumption and the flow of mutual fund investment have all increased during this period, as tweeted by the Ministry of Finance.
With inputs from IANS