Indirect tax collections during the April-June period rose by 13.8 percent to over Rs 1.07 lakh crore, much slower than the targeted 27 percent growth for this fiscal.
The overall indirect tax figure for April-June 2012 stood at Rs 1,07,959 crore, up 13.8% from corresponding period last year, a senior finance ministry official told PTI.
We will achieve this year's indirect tax collection target of Rs 5.05 lakh crore, he said.
The government has fixed indirect tax- comprising customs, excise and service tax-- collection target at Rs 5.05 lakh crore for the current fiscal, an increase of about 27 percent from 2011-12 target.
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