Janjivan Bureau
New Delhi : Finance minister Arun Jaitley is addressing a press conference on Monday, a day after asserting that India’s economy is getting back to normal two months after the scrapping of high-value banknotes.
In a Facebook post, he also attacked opposition parties for siding with what he called a “black money-friendly” status quo. Jaitley said the long-term gains of the government’s demonetisation move would outweigh the pain when the exercise was being implemented.
“For most States VAT collections have increased” jaitely said.
“Direct taxes for the first 3 quarters has moved up, indirect taxes significantly moved up” he said.
Compared to November 2016, the growth of Indirect Tax in December 2016 is 12.8 pc. In December 2016 compared to last December, the customs has actually declined, it is – 6.3 pc.
Central Excise increased 31.6 pc in December 2016 as compared to December 2015. From April to Dec this year the increase in direct tax is 12.01p c and indirect tax is 25 p c, compared to last year.
Overall increase in indirect taxes for the month of April to Dec ’16 compared to same figures last year is 25 pc.
Finance minister, arun jaitely, VAT, collection, indirest taxes,
