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FY24 indirect tax collection exceeded Revised Estimates with record GST collection. CBIC chairman praised tax officials for professionalism, highlighting excise duty, customs, and revised direct tax target.
The new tax regime applies to all taxpayers, including individuals, Hindu Undivided Families (HUFs) and Association of Persons (AOPs).
Experts believe Revised Estimate for FY24 may have been exceeded
In March, the government received hefty dividend tranches from ONGC (Rs 2,964 crore), Coal India (Rs 2,043 crore), Power Grid Corporation of India (Rs 2,149 crore), NMDC (Rs 1,024 crore), HAL (Rs 1,054 crore) and GAIL (Rs 1,863 crore).
Exclusive for Subscribers from Monday to Friday: Why Kerala government and Kerala Governor is relevant to the UPSC Exam? What significance do topics like bird flu, Wheat Production in India and terminal heat stress have for both the preliminary and main exams? You can learn more by reading the Indian Express UPSC Key for March 29, 2024.