Provisional tax collection for fiscal 2016-17 shows net growth of 18 pct: Adhia

| Updated: Apr 04, 2017 16:56 IST

New Delhi [India], Apr.4 (ANI): Union Revenue Secretary Hasmukh Adhia on Tuesday revealed that the provisional tax collection for fiscal 2016-17 shows net growth of 18 percent. Addressing media in the national capital, Adhia said that the government would shortly be issuing a detailed report on provisional tax collection. In a tweet, he said, "Provisional tax collection figures for 16-17 released. Total net tax revenue grows at 18% to 17.10 lac cr, highest in last 6 years. Direct tax growth rate is 14.2% and indirect tax growth rate is 22%." He said that direct tax collections upto March 2017 stood at Rs. 8.457 lakh crore, while indirect tax collections (Central Excise, Service Tax and Customs) for fiscal 2016-17 stood at Rs.8.63 lakh crore He also said that net personal income tax growth has shown a 21 percent growth over last year. Further details are awaited.(ANI)

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