Economic slowdown is impacting revenue realisation as the indirect tax collection has shown only a moderate growth of 17 per cent to Rs 2.57 lakh crore (Rs 2.57 trillion) in April-October period as against the annual growth target of 27 per cent.
According to them, while excise has yielded Rs 95,000 crore (Rs 950 billion) during this period, collection from customs and services tax worked out to be about Rs 92,000 crore (Rs 920 billion) and Rs 70,000 crore (Rs 700 billion) respectively.
The government in the current fiscal had proposed to collect from customs, excise and services tax Rs 5.05 lakh crore (Rs 5.05 trillion), an increase of 27
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