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'Indirect tax collection this fiscal shows GDP growth robust'

  •   Sat, Oct 10 2015 10:18:03 PM

Kolkata, Oct 10 (IANS): Chief economic advisor Arvind Subramanian on Saturday said the collection of indirect taxes in the first half of the current fiscal year shows a healthy GDP expansion.

"Indirect tax growth: 35.8 percent. And 11.5 percent without new measures. Latter shows tax base-nominal GDP-growth robust," he tweeted.

The indirect tax collection increased 35.8 percent in the April-September period this year at Rs. 3.24 lakh crore which has hit 50 percent of the annual target.

 
  

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Title: 'Indirect tax collection this fiscal shows GDP growth robust'



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