Indirect tax mop-up beats revised estimates in FY24

New Delhi: The indirect tax collection for FY24 has exceeded the revised estimates (RE) of Rs14.84 lakh crore by a handsome margin, helped by a record GST mop-up, a top government official said.

Lauding the efforts of tax officials, CBIC Chairman Sanjay Kumar Agarwal, in a letter to field officials, said, “I am happy to inform that the indirect tax collections for the Financial Year 2023-24, including Customs and Union Excise Duty have exceeded the Revised Estimates by a handsome margin.”

This achievement not only reflects professionalism, but also underscores the strength of teamwork and perseverance within the CBIC community, he said, adding that “your relentless efforts have not gone unnoticed, and I extend my heartfelt appreciation to each and every member for their invaluable contributions throughout the year.”