NEW DELHI: The government's net tax revenues rose 5 percent in the fiscal year ended March 31, 2021, Finance Minister Nirmala Sitharaman said on Monday. The net tax (sum of direct and indirect taxes) revenue in 2020-21 was over Rs 14.24 lakh crore, a nearly 5% growth from Rs 13.56 lakh crore in the previous financial year.

In a written reply to the Lok Sabha, Finance Minister said the government has taken many steps to boost both direct and indirect tax revenue collection, through curbing tax evasion, widening/deepening tax base, promoting voluntary compliance, reducing litigation and promoting digital transactions.

Sitharaman said the government has taken many steps to boost both direct and indirect tax revenue collection, through curbing tax evasion, widening/deepening tax base, promoting voluntary compliance, reducing litigation and promoting digital transactions. However, non-tax revenue collection dipped 36% to Rs 2.08 lakh crore in 2020-21 from over Rs 3.27 lakh crore in 2019-20. Non-tax revenue collection dipped 36 percent to Rs 2.08 lakh crore in 2020-21 from over Rs 3.27 lakh crore in 2019-20. The government’s net revenue tax collection in the last financial year declined 3.09 percent to Rs 16.32 lakh crore.

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