Tax collection increased in April-November despite demonetisation, says Jaitley
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He also said that of the total tax collected in April-November 2016, central excise tax collection is up 43%, service tax collection is up 23.9% and customs duty tax collection is up 4.1%. All these increases are from taxes collected in the year-ago period.
According to preliminary data for December 2016 - a month after the high-value note ban and through the cash shortage period - total indirect tax collection rose 14.2 percent in December 2016 from the comparable year-ago period.
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In addition, in December 2016, indirect tax collection rose 12.8 percent compared with a month earlier.
"In November, it was being suggested that the demonetisation impact would be more in December, but even indirect tax collection rose," the minister said.
"Another thing to remember, the collection estimate for November 2016 - when taxes could be paid in old currency - indicates that VAT must have been paid in old currency. So VAT collection is also up post demonetisation," Jaitley said
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