Jaitley puts disputes to rest with double-digit rise in tax collections

Direct tax mop ups are up 12% overall, indirect taxes are up 25%, with excise rising as much as 43%

The currency squeeze in November and December has failed to impact revenue mop up, with direct and indirect tax collections from April to December showing double-digit increases, Finance Minister Arun Jaitley said on Monday.

"Since there has been a considerable debate as to the impact of the currency squeeze in November and December, the revenue data becomes relevant. The direct tax collections for April-December period have increased 12.01 per cent year-on-year," Jaitley told the media here.

"The indirect tax data for April-December (2016), compared to the same figure (in 2015), has seen an overall increase of 25 per cent.

"Individually, the central excise