Central govt's indirect tax collection up 12% in FY21, GST number falls
The Centre’s indirect tax collection rose by more than 12 per cent to Rs 10.71 trillion in 2020-21 (FY21) compared to Rs 9.54 trillion in the previous year, even as goods and services tax (GST) mop-up declined by 8 per cent. Experts attributed it to the hikes in customs duties as well as petrol and diesel taxes, coupled with some recovery in consumption during the second half. The collection was also 8.2 per cent higher than the revised estimate of Rs 9.89 trillion, showed the preliminary figures released by the finance ministry. The numbers are subject to change, pending reconciliation...
Source: business-standard.com