Govt collects tax of over Rs 6 lakh cr in first 8 months of 2018-19

New Delhi, Jan 6: The total net indirect tax collection, including that of CGST, IGST and GST- Compensation Cess, in the current financial year during April-November 2018-19 was Rs 6,12,653.47 crore.

Official sources said the revenue target was set for the full financial year and the actual indirect tax collection for 2018-19 will be known after completion of the current financial year. 
The Budget Estimate(BE) for indirect taxes revenue for FY 2018-19 was fixed at Rs 11,16,000 crore.

Various administrative steps have been taken by the government to achieve the set target for this financial year such as GST rate rationalisation to improve the tax compliance, mandatory e-filing and e-payment of taxes, penalty for delayed payment, extensive use of third party sources such as state VAT Department, Income Tax for compliance verification, regular enforcement and compliance verification of tax returns, taxpayer education and media campaign, the sources added.

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