TMI BlogProvisional Net Indirect Tax collections (GST & Non-GST) for the Financial Year 2020-21 show growth of more than 12% compared to actual Revenue Receipts in FY 2019-20.X X X X Extracts X X X X X X X X Extracts X X X X ..... Provisional Net Indirect Tax collections (GST & Non-GST) for the Financial Year 2020-21 show growth of more than 12% compared to actual Revenue Receipts in FY 2019-20. - Goods and Services Tax - GST Dated:- 13-4-2021 - News - Provisional Net Indirect Tax collections (GST Non-GST) for the Financial Year 2020-21 show growth of more than 12% compared to actual Revenue Receipts in FY 2019-20. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Net Indirect Tax collections represent 108.2% of the Revised Estimates of ₹ 9.89 lakh crore of Indirect Taxes for the F.Y. 2020-21. The provisional figures for indirect tax collections (GST non-GST) for the Financial Year 2020-21 show that net revenue collections are at ₹ 10.71 lakh crore as compared to 9.54 lakh Crore for the Financial Year 2019-20, thereby registering a growt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h of 12.3%. Net Indirect Tax Collection for the Financial Year 2020-21 shows that 108.2% of the Revised Estimates (RE) of indirect taxes for Financial Year 2020-21 has been achieved. As regards customs, net tax collections stood at ₹ 1.32 lakh crore during Financial Year 2020-21 as compared to ₹ 1.09 lakh crore during the previous Financial Year, thereby registering a growth ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of around 21%. Net Tax collections on account of Central Excise and Service Tax(Arrears) during Financial Year 2020-21 stood at ₹ 3.91 lakh crore as compared to ₹ 2.45 lakh crore in the previous Financial Year, thereby registering a growth of more than 59%. Net Tax collections on account of GST of Centre (CGST+IGST+ Compensation Cess) during Financial Year 2020-21 is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ₹ 5.48 lakh crore as compared to ₹ 5.99 lakh crore in the previous Financial Year. Revised estimates of Net GST collection including CGST and Compensation Cess for FY 2020-21 was ₹ 5.15 Lakh Crore , Thus, the actual net GST collections is 106% of total targeted collection, though these are 8% lower than the last FYs collection. The GST collections were severely affected in the f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... irst half of the Financial year on account of Covid. However, in the second half, the GST collections registered a good growth and collections exceeded ₹ 1 lakh crore in each of the last six months. March saw an all-time high of GST collection at ₹ 1.24 lakh crore after very good figures in the month of January and February. Several measures taken by the Central Government helped in im ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... proving compliance in GST. The above figures are as yet provisional and subject to change pending reconciliation. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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