Indirect Tax - Current Affairs Questions and Answers

1)   By what percent Indirect tax revenue surged in April-July 2015?

a. 12%
b. 19%
c. 25%
d. 37%
Answer  Explanation 


Indirect tax revenue jumped over 37.6 percent to over 2.1 lakh crore rupees during April-July period of current fiscal due to the higher excise collections. A press release issued by the Finance Ministry on 11th Aug’15 stated that the indirect tax collections were 1.53 lakh crore rupees during the similar period of the previous fiscal. While in July 2015-16, the indirect tax collections grew by 39.1 percent from a year ago period to 56,739 crore rupees.