Indirect tax collection soars 37% in Apr-May

Indirect tax collections rose by about 37 percent during April-May compared to the same period of the last fiscal.

"The indirect tax growth rate for the first two months of current FY is 36.7 percent with additional revenue measures (ARM) and 14 percent without ARM," Revenue Secretary Hasmukh Adhia tweeted.

Indirect tax revenue include collections from excise, customs and service tax.

He, however, did not provide absolute numbers of indirect tax revenue.

Finance Minister Arun Jaitley has pegged indirect tax collection target at Rs 7.78 lakh crore in 2016-17, up 9.7 percent from Rs 7.09 lakh crore actual collections of the previous fiscal.