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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
Read more about Sensex jumps 660 pts, Nifty tops 14,500; banks, autos soar on Business Standard. Key equity indices ended with strong gains on Tuesday, recovering from yesterday s steep selloff. The Nifty managed to close above the 14,500 mark at the day s high. Barring IT and pharma, all the sectoral indices on the NSE ended in the green.
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Overall net revenue grows 12.3%; excise and service tax revenue jumps 59%
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Revenue rebound: GST collections exceeded ₹1 lakh cr.in each of the last 6 months of FY21, the Ministry said. Nagara Gopal
Overall net revenue grows 12.3%; excise and service tax revenue jumps 59%
A jump in excise revenue helped lift net indirect tax collections by 12.3% in FY21 to ₹10.71 lakh crore, surpassing the Centre’s recently revised estimates, provisional data from the Finance Ministry showed on Tuesday.
Goods and Services tax (GST) collections for the full year fell 8% from ₹5.99 lakh crore in FY20 to ₹5.48 lakh crore, but the overall kitty was bolstered by a sharp spike in excise collections.
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