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Informist, Thursday, Apr. 2, 2026

 

--Govt official: FY26 indirect tax mop-up 101.2% of revised aim 

--Govt official: FY26 Central GST mop-up 100.8% of revised aim 

--Govt official: FY26 cess mop-up 62.8% of revised aim 

--Govt official: FY26 customs duty mop-up 102% of revised aim 

--Govt official: FY26 excise duty mop-up 101% of revised aim 

--Govt official: Reasonably well-placed in terms of FY26 tax mop-up targets 

--Govt official: Met excise, customs duty collection targets for FY26 

 

NEW DELHI - The government has collected 101.2% of its indirect tax collection target for 2025-26 (Apr-Mar), a senior finance ministry official said Thursday. This data is, however, provisional and does not take into account the pending refunds that will be issued, the official said. The Controller General of Accounts will release the final data at the end of May. 

 

"We are reasonably well placed to meet the FY26 targets," the official said. 

 

According to the official, the government has collected 102% of the revised customs duty mop-up target and 101% of the excise duty collection target. As per the revised Budget estimate, the government aimed to collect INR 2.583 trillion and INR 3.366 trillion from customs and excise duties, respectively, in FY26. This means the government has collected INR 2.635 trillion from customs and INR 3.400 trillion from excise duty in FY26 so far. The figures may be revised downwards owing to refunds.  

 

On the goods and services tax front, the official said the Central GST mop-up for FY26 was 100.8% of the target. The government does not give bifurcated targets for Central GST collections during a financial year. As per data released Wednesday, the government collected INR 4.443 trillion as Central GST for FY26 in gross terms.

 

On cess, the official said the government collected 62.8% of the assumed collection from Health se National Security Cess in the last two months of the fiscal year. The Health se National Security Cess, imposed on production of goods such as pan masala, replaced the compensation cess under the GST structure and is levied over and above 40% GST rate. The cess is payable by a person who owns or controls machines or undertakes processes to manufacture the specified goods. It is calculated per machine installed or per unit of manual production.

On FY27, the official said it was too early to comment on whether the government would stick to its Budget targets or rework them, in view of the ongoing geopolitical situation.  End

 

Reported by Priyasmita Dutta

Edited by Avishek Dutta

 

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