India's half-yearly indirect tax collection jumps 36% to Rs 3.24 lakh crore

October 13, 2015 17:09 IST
The increase in rate slabs in various indirect taxes might be pinching the common man, but it has certainly made the government richer over the first two quarters of the current financial year. The overall indirect tax collection during April-September soared 35.8% to over Rs 3.24 lakh crore as compared to Rs 2.39 lakh crore during the corresponding period last year. Central excise, which had contributed the least in the first six months last year, became the highest contributor in 2015 at Rs 1.25 lakh crore, a jump of almost 70%. Credit: KBK