FM Arun Jaitley defends note ban with jump in tax numbers – The Economic Times economictimes.indiatimes.com

The government's tax collections were up in December 2016 bucking any impact of demonetisation with excise duty, levied at factory gate on goods, showing a growth of 31% . FM Arun Jaitley defends note ban with jump in tax numbers

Direct taxes grow by 12.01% and indirect taxes grow by 25% over the corresponding period last year April-December 2015, according to data released by the finance ministry on Monday. The growth rate in net collection for customs, central excise and service tax was -6.3%, 31.6% and 12.4% respectively during the month of December, 2016, compared to the corresponding month last year.