Govt mops up Rs 6.12 lakh cr indirect taxes in Apr-Nov, target for FY'19 at Rs 11.16 lakh cr
During April-November of the ongoing fiscal, the total net indirect tax collection (inclusive of CGST, IGST and GST-Compensation Cess) is Rs 6,12,653.47 crore, Minister of State for Finance Shiv Pratap Shukla said in a written reply in the Lok Sabha.
The minister said various administrative steps have been taken by the government to achieve the target for this financial year.
These include 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 etc for compliance verification, he added.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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