Net Indirect Tax Collections For FY21 Up 12%

The provisional net indirect tax collections (both GSTS and non-GST) for 2020-21 showed a 12% per cent growth as they stood at Rs 10.71 lakh crore, compared to the collections of the corresponding period which were Rs 9.54 lakh crore.

The provisional net indirect tax collections (both GSTS and non-GST) for 2020-21 showed a 12% per cent growth as they stood at Rs 10.71 lakh crore, compared to the collections of the corresponding period which were Rs 9.54 lakh crore. 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. A statement issued by the Finance Ministry further said that the net tax collections stood at Rs 1.32 lakh crore during FY21 as compared to Rs 1.09 lakh crore of the corresponding period, therefore recording a 21% growth.