Indirect tax collections up by 12% in FY 2020-21; GST down by 8% amid COVID-19

The provisional figures for indirect tax collections (GST and non-GST) for the financial year 2020-21 show that net revenue collections are at Rs 10.71 lakh crore as compared to 9.54 lakh crore for the financial year 2019-20, stated the finance ministry. With this, indirect tax collections registered a growth of 12.3 per cent.  The ministry stated that the net indirect tax collection for the…