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.
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.
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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.
In the Revised Estimates (RE) for 2020-21, the target was set at Rs 9.89 lakh crore.
India Business News: The Centre's net revenue collections from indirect taxes witnessed a 12.3 per cent rise in financial year 2020-21, provisional estimates released on T
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