Net direct tax collection falls 31% to ₹1.9 lakh cr in April-August

New Delhi: Net direct tax collection from April to August was Rs 1.92 lakh crore, 31% less than in the same period of the last fiscal.

Net indirect tax collection during the five-month period till August decreased by 11 percent year-on-year to Rs 3.42 lakh crore.

In a written response to Lok Sabha, Minister of State for Financial Anurag Singh Thakur said that the collection of net direct taxes was Rs 279,711 crore in April and August 2019, compared to Rs 1.92,718 crore in April and August 2020.

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 the period from April to August, the Centre's Goods and Services Tax (GST) collection stood at over Rs 1.81 lakh crore.

The budget estimated the Center's GST collection for the 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.

Also Read: Tata group to launch India's first low-cost Covid-19 test 'Feluda'