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  Union Budget 2023: Understanding the differences between direct and indirect taxes

  Budget | January 24, 2023 12:32 IST

  India’s tax regime mainly categorizes tax into types – Direct Tax and Indirect Tax. The difference between the two is based on the point of incidence.

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  Government mops up Rs 6.12 lakh crore indirect taxes in Apr-Nov, target for FY'19 at Rs 11.16 lakh crore

  Business | January 04, 2019 19:26 IST

  The government is targeting to mop up Rs 11.16 lakh crore as indirect tax collection from levy of Central and Integrated GST and compensation cess in 2018-19, Parliament was informed on Friday.

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  Indirect tax mop-up in FY'19 may fall short by Rs 90,000 cr: Report

  Business | November 22, 2018 23:25 IST

  According to the Budget Estimate, the government proposed to mop up Rs 7.4 lakh crore from the goods and services tax (GST) and Rs 2.6 lakh crore from Union excise duties.

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  Indirect tax collections in April rose 41 per cent to Rs 64,000 crore

  May 11, 2016 18:59 IST

  New Delhi: India's indirect tax collections for April rose 41 percent to Rs.64,394 crore -- mainly on account of a spike in central excise realisations, a finance ministry statement said today. The figure was Rs.45,417

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  Govt pulls off 50 pc of annual indirect tax target in 6 months

  October 09, 2015 23:22 IST

  New Delhi: Reflecting an increase in economic activity, indirect tax collection increased 35.8 per cent in the first six months of the current fiscal to Rs 3.24 lakh crore, hitting more than 50 per cent

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  Indirect tax collections grow 37.5% in April-June

  July 11, 2015 22:29 IST

  New Delhi:  Indirect tax revenues grew 37.5 per cent to nearly Rs 1.54 lakh crore in the first quarter of the current fiscal, powered by a robust show in excise collections.Indirect tax collections in April-June

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  'GST implementation from April 2016'

  September 21, 2014 7:50 IST

  New Delhi: As negotiations with states on Goods and Services Tax (GST) enter a critical stage, the Centre is looking forward to implementation of the new indirect tax regime from April 1, 2016."The deadline for

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  Indirect tax collections up 4.1% in Apr-Aug

  September 26, 2013 9:20 IST

  New Delhi: Indirect tax collections grew at 4.1 per cent in the April-August period of this fiscal, a finance ministry official said.Total collection of indirect taxes - excise, customs and service tax - stood at