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Impact Of Demonetisation Visible In Double-Digit Growth In Tax Collection Figures: Arun Jaitley
Swarajya Staff
Dec 29, 2016, 04:30 PM | Updated 04:30 PM IST
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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:
Highlights of direct tax collections till 19th December, 2016: pic.twitter.com/6VQok6X4WB
— Ministry of Finance (@FinMinIndia) December 29, 2016
Jaitley also reported the excise duty, custom duty and service tax figures.
FM @arunjaitley :In Central Indirect Taxes, Excise duty up by 43.5%, Service tax up by 25.7 % & Custom Duties up by 5.6% till 30 Nov,2016
— Ministry of Finance (@FinMinIndia) December 29, 2016
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
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