Indirect tax revenue up 12% in FY21, exceeds revised estimate April 13, 2021 At ₹10.71-cr, mop up even crossed FY20’s 9.54-lakh cr Indirect tax collection during FY21 exceeded not just the revised estimate, but the actual collection in FY20 as well, the Finance Ministry said on Tuesday. “Provisional net indirect tax collections (GST and non-GST) for FY21 show growth of more than 12 per cent compared to actual revenue receipts in FY20. Net indirect tax collections represent 108.2 per cent of the revised estimates of ₹9.89-lakh crore of indirect taxes for FY21,” a statement issued by the Ministry said. Revenue collection The provisional figures showed that net revenue collections are at ₹10.71-lakh crore compared to 9.54-lakh crore for FY20. As regards customs, net tax collections stood at ₹1.32-lakh crore during the period under consideration against ₹1.09-lakh crore during FY20, a growth of around 21 per cent.