Net direct tax revenue increases 68% to 6.92 trillion rupees through 23 November
Net direct tax collection rose nearly 68% from April 1 to November 23 to over Rs 6.92 lakh crore (Rs 6.92 trillion), the Minister of State for Finance said on Monday, Pankaj Chaudhary.
“The net direct tax collection figures for the fiscal year 2021-22 to 23.11.2021 are 6 92 833.6 crore rupees, an increase of 67.93% and 27.29% compared to the net figures collection for the corresponding period of fiscal year 2020-2021 and FY 2019-20, “he said in a written response to Lok Sabha.
Net inflows between April 1 and November 23 in fiscal years 2020-21 and 2019-2020 were respectively over Rs 4.12 lakh crore and Rs 5.44 lakh crore.
The gross collection of direct tax (before adjustment of refunds) as of 23 November amounted to more than Rs 8.15 lakh crore, an increase of 48.11 compared to collections for the corresponding period of the last fiscal year.
Chaudhary further said that gross GST collection in the current fiscal year (April 2021-March 22) after the Covid-19 outbreak shows an increasing trend.
The gross collection of GST for the period 2020-21 ended in March 2021 exceeded Rs 11.36 lakh crore, while the same for the current fiscal year up to October stood at Rs 8.10 lakh crore.
In response to a separate question about the increase in tax evasion incidents in Delhi and other parts of the country, Chaudhary said there was no evidence to suggest tax evasion incidents were on the rise in Delhi. and in other parts of the country.
“In terms of cases detected under the Goods and Services Tax (GST) and customs, no upward trend in this escape is observed in Delhi, although there is an overall increase in detection. cases of GST and customs evasion in the country, ”he added. .
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