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Indirect tax collections up by 12% in FY 2020-21; GST down by 8% amid COVID-19

Indirect tax collections up by 12% in FY 2020-21; GST down by 8% amid COVID-19
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Service Tax Arrears , Revised Estimates , Financial Year , Central Excise , Service Tax , Compensation Cess , நிதி ஆண்டு , மைய கலால் , சேவை வரி , இழப்பீடு சிஇஎஸ்எஸ் ,

GST recovery, petro taxes help Centre improve tax collections

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 . ....

New Delhi , Service Tax Arrears , Net Indirect Tax Collection , Revised Estimates , Central Excise , Service Tax , Financial Year , Compensation Cess , புதியது டெல்ஹி , மைய கலால் , சேவை வரி , நிதி ஆண்டு , இழப்பீடு சிஇஎஸ்எஸ் ,

Indirect tax mop-up exceeds Revised Estimate by 9% - The Hindu BusinessLine


Indirect tax mop-up exceeds Revised Estimate by 9%
April 08, 2021
Govt hopeful of better days ahead; experts fear some bumps due to 2nd Covid wave
The Centre’s indirect tax collection during fiscal year 2020-21 (FY21) has exceeded not just the Revised Estimate but also actual collection of fiscal year 2019-20 (FY 20). However, experts feel that growth in collection may slow down a bit during FY21 on account of local lockdowns and curfew imposed by many States.
“March saw the highest indirect tax collection during the financial year (FY 21). We have exceeded last year’s actual by about 13 per cent and Revised Budget Estimates by about 9 per cent,” M Ajit Kumar, Chairman of Central Board of Indirect Taxes and Customs (CBIC), wrote in his weekly correspondence with all his officers and staff. “These are welcome signs of economic activity picking up in the country,” he said. ....

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