 "Statsguru")
In the post-demonetisation phase, the government’s tax revenues have ended up soaring in November. This is in stark contrast to the expectations of widespread economic disruption dragging down tax revenues. As Chart 1 shows, gross tax revenue rose by 54 per cent in November, up from last year, with both direct and indirect taxes registering strong growth.
Among direct taxes, both corporate and income tax collections rose sharply in November, as seen in Chart 2. Collections of corporate tax have risen despite expectations of corporate top line being hit by demonetisation. Indirect tax collections have also seen robust growth, as
