Indirect tax increased 42.3% y/y in April-November.

By bne IntelliNews December 17, 2010
India's indirect tax increased 42.3% y/y and reached INR 2.08trn during the first eight months of the current financial year. As reported by NewsWire18 MoneyWire, the government stated that 66.3% of the INR 3.135trn indirect tax collection targeted for the April-March period of 2010-11 has been achieved. Custom collections grew 67% to INR 868.44bn, while excise collection grew by 34.4% to INR 819.84bn and service tax collection in increased 18.2% to INR 389.27bn during the period.

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