Net Direct Tax Collection Dipped 31% In April-August 2020, Parliament Told
The government's net direct tax collection fell 31% year-on-year to Rs 1.92 lakh crore and net indirect tax collection declined 11% to Rs 3.42 lakh crore in April-August 2020, the parliament was informed on Saturday.
In a written reply to the Lok Sabha, Minister of State for Finance Anurag Singh Thakur said net direct tax collection was Rs 2,79,711 crore in April-August 2019, compared to Rs 1,92,718 crore in April-August 2020. The net indirect tax collection in April-August 2019 was Rs 3,85,949 crore, as against Rs 3,42,591 crore in April-August 2020.
During April-August, Centre’s GST collection stood at over Rs 1.81 lakh crore.
The Union Budget for 2020-21 had estimated Centre's GST collection for full fiscal at Rs 6,90,500 crore. In 2019-20, the Centre's actual GST revenue stood at Rs 5,98,825 crore, against the revised estimate of Rs 6,12,327 crore.