Recent

Catch Daily Highlights In Your Email

* indicates required

Sunday, December 5, 2021

Net direct tax revenue increased by 68% to Rs 6.92 lakh crore as of November 23.

 

Net direct tax revenue rises 68% to Rs 6.92 lakh crore till November 23
NEW DELHI: The net direct duty assortment became almost 68% during April 1 to November 23 to more than Rs 6.92 lakh crore, Minister of State for Finance Pankaj Chaudhary said on Monday. 

"The Net Direct Tax Collection figures for the FY-2021-22 as on 23.11.2021 are at Rs 6,92,833.6 crores showing a development of 67.93 percent and 27.29 percent over the net assortment figures for the comparing time frame FY2020-21 and FY 2019-20," he said in a composed answer in the Lok Sabha. 

The net assortment between April 1 - November 23 of every 2020-21 and 2019-20 fiscals was over Rs 4.12 lakh crore and over Rs 5.44 lakh crore separately. 

The gross direct duty assortment (prior to changing discounts) as of November 23 remained at over Rs 8.15 lakh crore, a 48.11 development over the assortments in the relating time frame in last financial. 

Chaudhary further said that the gross GST assortment in the current monetary (April 2021-March'22) post Covid-19 episode is showing an expanding pattern. 

The gross GST assortment for full 2020-21 finished March 2021 was over Rs 11.36 lakh crore, while the equivalent in the current financial till October remained at Rs 8.10 lakh crore. 

In answer to a different inquiry on whether episodes of tax avoidance are expanding in Delhi and different pieces of the country, Chaudhary said there is no proof to recommend that occurrences of annual tax avoidance are expanding in Delhi and different pieces of the country. 

"As far as cases recognized under Goods and Service Tax (GST) and Customs, there is no expanding pattern in such avoidance saw in Delhi, in spite of the fact that, there is generally speaking expansion in identification of GST and Customs avoidance cases in the country," he added.

Catch Daily Highlights In Your Email

* indicates required

Post Top Ad