Indirect tax revenue collections decline by 8 percent

December 16th, 2008 - 10:08 pm ICT by IANS  

New Delhi, Dec 16 (IANS) The government’s revenue through indirect tax collections declined by over 8 percent in November, thanks to the economic slowdown, shows the data released by the finance ministry Tuesday.The excise duty collections also dropped 15 percent in November. The collection was down 1.5 percent between April-November.

The customs collections, however, increased 13 percent between April-November, the statement said.

The service tax fared better with 15.9 percent growth in October.

However, the excise and customs duty collections fell by 5 percent in October.

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