Indirect tax mop-up may fall short of target: Revenue secretary Tarun Bajaj

Revenue secretary attributes it to cuts in excise and Customs duties

The government expects indirect tax collection to be lower than the Budget Estimate (BE) of Rs 13.38 trillion this fiscal year, despite prospects of netting goods and services tax (GST) in large amounts, Revenue Secretary Tarun Bajaj has said.

“Indirect tax collection may see lower realisation than budgeted on account of cuts in excise and customs duties. We could see a shortfall of about Rs 1.5 trillion on account of those,” he told Business Standard.

The government had last month cut excise duties on petrol and diesel and exempted Customs duties on items such as sunflower and soybean oil to