Higher tax mop up reflects no slowdown post demonetisation, says Arun Jaitley
- by B2B Desk 2017-01-10 08:31:10
Finance Minister Arun Jaitley on Monday dismissed slowdown concerns post demonetisation as "anecdotal" and said that indirect tax collection grew at a decent 14.2 per cent in December buoyed mainly by excise, reflecting an uptick in manufacturing. December, which witnessed currency crunch following the ban on high value notes, saw excise collections grow at 31.6 per cent, while service tax was up by 12.4 per cent. Customs mop up, however, witnessed 6.3 per cent decline mainly on account of dip in gold imports.
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