‘Indirect tax collection this fiscal shows GDP growth robust’

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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