Net direct tax revenue increased by 68% to Rs 6.92 lakh crore as of November 23rd

Net direct tax collection increased over 68% from April 1 to November 23 to more than Rs 6.92 lakh crore, according to Minister of State for Finance Pankaj Chaudhary on Monday.

“The Net Direct Tax Collection data for the FY-2021-22 as on 23.11.2021 are at Rs 6,92,833.6 crores, representing an increase of 67.93% and 27.29% above the net collection figures for the comparable periods FY2020-21 and FY2019-20,” he said in a written reply to the Lok Sabha.

Between April 1 and November 23 of the 2020-21 and 2019-20 fiscal years, the net collection was more than Rs 4.12 lakh crore and more over Rs 5.44 lakh crore, respectively.

The gross direct tax collection (before adjusting refunds) amounted at over Rs 8.15 lakh crore as of November 23, representing a 48.11 percent increase over the previous fiscal period.

Chaudhary also stated that the gross GST collection in the current fiscal year (April 2021-March 2022) following the Covid-19 epidemic is increasing.

The total gross GST collection for the fiscal year 2020-21 ended March 2021 was more than Rs 11.36 lakh crore, whereas the same figure for the current fiscal year ended October was Rs 8.10 lakh crore.

In response to a second question about whether tax evasion is on the rise in Delhi and other areas of the country, Chaudhary stated that there is no evidence to suggest that cases of income tax evasion are on the rise in Delhi and other parts of the country.

“In terms of instances detected under Goods and Services Tax (GST) and Customs, there is no increasing trend in such evasion observed in Delhi,” he added. “However, there is an overall increase across detection of GST and Customs evasion cases in the country.”