Indirect Tax Collections rise by 30% despite reports of slow economy growth and falling industrial production

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The 1st quarter collection of Indirect Tax have re-instated the country’s faith that despite the high inflation in India and recession blues across the world the Indian economy is still on the rise. Collections for April- June 2011 amount to approximately Rs 96,000 crore, about 30% more than last year’s collection for this period. A...