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        Case ID :

        Details of Central Taxes collected by the Union Government

        March 8, 2021

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        Giving details of the taxes which are solely collected by the Union Government, Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha today, stated them as under:-

        Direct Taxes

        Corporation Tax, Income Tax, Other Taxes in Income & Expenditure, Wealth Tax, Security Transaction Tax and Other Tax and Duty on Commodities & Services.

        Indirect Taxes

        Central GST, Union Excise Duty on petroleum products & tobacco and Custom duties. Out of these, levy and collection of Union Excise Duty on products outside GST and Custom Duty is done solely by the Union Government. However, under the GST, both the Union and States have concurrent powers to levy and collect tax.

        The Minister further gave the tax-wise target for Central taxes to be collected from 1st April, 2020 to 31st March, 2021, tax-wise is as under:-

        Direct Taxes (Rs. in Crore)

        Major Head

        Revised Target

        Corporation Tax

        4,46,000

        Taxes on Income

        4,47,000

        Security Transaction Tax

        12,000

        Indirect Taxes (Rs. in Crore)

        Major Head

        Revised Estimate

        Custom Duty

        1,12,000

        Union Excise Duty

        3,61,000

        Service Tax (arrears)

        1,400

        Goods and Services Tax including CGST, IGST & Compensation Cess

        5,15,100

         

         The Minister gave further details of amount of Central taxes which have been collected till 31st December, 2020 (for financial year 2020-21) as under: 

        Particulars

        Net Collection (Rs. in Crore)

        Direct Taxes

        6,20,529.14

        Indirect Taxes

        7,12,231.78

         The releases of States’ Share/Tax Devolution is as per the accepted recommendations of Finance Commission for its award period, the Minister stated. The State-wise details of States’ share and releases is as per Annexure.

        Central tax distribution: Union retains exclusive levy for certain taxes while GST is concurrently levied with States. The Union retains exclusive levy and collection of specified central taxes-notably Corporation Tax, Income Tax, Wealth Tax, Security Transaction Tax, Union Excise Duty outside GST, and Custom Duty-while GST components are subject to concurrent levy and collection by both the Union and States. The release of States' share and tax devolution follows the accepted recommendations of the Finance Commission, with state-wise details provided in an annexure.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Central tax distribution: Union retains exclusive levy for certain taxes while GST is concurrently levied with States.

                                The Union retains exclusive levy and collection of specified central taxes-notably Corporation Tax, Income Tax, Wealth Tax, Security Transaction Tax, Union Excise Duty outside GST, and Custom Duty-while GST components are subject to concurrent levy and collection by both the Union and States. The release of States' share and tax devolution follows the accepted recommendations of the Finance Commission, with state-wise details provided in an annexure.





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                                ActsIncome Tax
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