NEW DELHI:  Minister of State for Finance Pankaj Chaudhary said  that net direct tax collection increased by about 68 percent from April 1 to November 23 to more than Rs 6.92 lakh crore. "The Net Direct Tax Collection figures for FY 2021-22 as of 23.11.2021 are Rs 6,92,833.6 crores, representing an increase of 67.93 percent and 27.29 percent respectively over the net collection figures for FY2020-21 and FY 2019-20," he said.

The net collection between April 1 - November 23 in 2020-21 and 2019-20 fiscals was over Rs 4.12 lakh crore and over Rs 5.44 lakh crore respectively. The gross direct tax collection--before adjusting refunds--as of November 23 stood at over Rs 8.15 lakh crore, a 48.11 growth over the collections in the corresponding period in last fiscal. Chaudhary further said that the gross Goods and Services Tax  (GST) collection in the current fiscal (April 2021-March'22) post Covid-19 outbreak is showing an increasing trend.

The gross GST collection for full 2020-21 ended March 2021 was over Rs 11.36 lakh crore, while the same in the current fiscal till October figured at Rs 8.10 lakh crore.

RBI's recent regulations may cause NBFC NPAs to rise: icra

Moody’s analyses Omicron could have an impact on APAC's economic recovery

Exporters' banking concerns will be addressed by specialised groups: Minister