December 23, 2025 09:40 pm (IST)
Indirect tax collection for the 1st quarter of 2016-17 indicates a growth rate of 30.8%
New Delhi, July 8 (IBNS) The figures of indirect tax collection for the 1st quarter of current fiscal 2016-17 indicates a growth rate of 30.8% as compared to the 36.3% in the corresponding period of previous financial year, government data revealed on Friday.
Once the Additional Resource Mobilization(ARM) is removed, the growth rate in Q1 is 10.2%[Customs: 11.2%, Central Excise: 13.9% & Service Tax: 4.3%].
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Sensex slips over 100 points at open — here’s what experts say next
Tue, Dec 23 2025
DBS Bank India extends ₹670 crore sustainability-linked trade facility to Indorama India
Mon, Dec 22 2025
