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Read more about Net Indirect Tax collections Spurt 12.3% In FY21 on Business Standard. The provisional figures for indirect tax collections (GST & non-GST) for the Financial Year 2020-21 show that net revenue collections are at Rs 10.71 lakh crore as compared to 9.54 lakh Crore for the Financial Year 2019-20, thereby registering a
Synopsis Net goods and service tax collections for Centre – which includes central GST, integrated GST and compensation cess - during FY21 is Rs 5.48 lakh crore, 8% lower than Rs 5.99 lakh crore in FY20. Agencies Net tax collections on account of central excise and service tax (arrears) during FY21 stood at Rs 3.91 lakh crore as compared to Rs 2.45 lakh crore in FY20, a growth of more than 59%. The government has netted Rs 10.71 lakh crore as collections from indirect tax – including GST and non-GST – for FY21, which is 12% higher than actual revenue receipts of Rs 9.54 lakh crore for F...
Indirect tax revenue up 12 per cent at Rs 10.71 lakh crore in FY21, exceeds Revised Estimates The mop-up through indirect taxes, which include GST, Customs and excise duties, was Rs 9.54 lakh crore in 2019-20. Share Via Email | A+A A- By PTI NEW DELHI: The net indirect tax collections in 2020-21 grew 12.3 per cent to Rs 10.71 lakh crore as compared to the previous fiscal year, thereby exceeding the target set in revised estimates, the finance ministry said on Tuesday. The mop-up through indirect taxes, which include GST, Customs and excise duties, was Rs 9.54 lakh crore in 2019-20....
The provisional figures released by the Ministry of Finance on Tuesday, further indicated that the net indirect tax collection for FY21 showed that 108% of the Revised Estimates (RE) of indirect taxes for that fiscal have been achieved.
Good news is flowing for the government on the tax front with net indirect tax collections (GST & non-GST) registering a 12.3 per cent increase in FY21 largely on account of increased excise collections from petroleum products and improved ...