Impact of demonetisation visible, double-digit growth in India's tax collection figures: Arun Jaitley
Union Finance Minister Arun Jaitley on Thursday said that the impact of demonetisation is clearly visible with tax collection figures seeing double-digit growth.
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New Delhi: Union Finance Minister Arun Jaitley on Thursday said that the impact of demonetisation is clearly visible with tax collection figures seeing double-digit growth.
Till December 19, the net increase in direct taxes has been 13.6 per cent after factoring in the refunds, he said.
"In the central indirect taxes there is an increase of 26.2 per cent till November 30. Excise duty is up by 43.5 per cent, service tax by 25.7 per cent and custom duties up by 5.6 per cent," Jaitley said.
"Notwithstanding the critics, it is a very significant increase in all indirect taxes till November 30," he added.
With IANS Inputs
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