Indirect tax collections increase over 36%: Finance Ministry

Q.  Indirect tax collections saw an increase of ___ percent in first 7 months of the current fiscal according to the Finance Ministry.
- Published on 10 Nov 15

a. 32
b. 33
c. 34
d. 36

ANSWER: 36
 
Indirect tax collections from April to October equalled INR 3.83 lakh crore meeting 59.2 percent of indirect tax target for the full fiscal. As per the Budget Estimate 2015-16, the government will collect Rs 6.46 crore from indirect taxes- central excise, Customs and service tax.In October 2015, indirect tax revenue collections rose 36.8 percent from a year ago.Collections indicate healthy growth to tax base.

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