‘Direct Tax Mop-up at Rs.6 lakh crores till Oct; Total Tax to Exceed Target’

With net direct tax collection till October closing in on Rs 6 lakh crores and average monthly GST mop-up likely around Rs 1.15 lakh crores this fiscal, the government ‘s tax collection kitty will surpass budget estimates this financial year, revenue secretary Tarun Bajaj said. He said the relief in excise duty on petrol and diesel and customs duty on edible oil will cost the exchequer about Rs. 80,000 crore this financial year. S-ET

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *