The extra collection means, the Central GST collections
may grow around 20% in FY23 as against 12% factored in
FY23BE over the actual collections of FY22 and 16% over
CGST collections stood at about Rs 5.9 trillion in
FY22, up about 30% on year. Robust performances of
CGST-aided total indirect tax collections to grow by
20% on year to over Rs 12.9 trillion in FY22. The
FY23 indirect tax receipts target at about Rs 13.3
trillion is at striking distance from the FY22
provisional actuals of Rs 12.9 trillion, as it
requires just 3% growth on year.
“The recovery in the domestic economy, including the
services sector that was affected due to Covid and
improved compliance, would help maintain the buoyancy in
GST collections,” Johri said. April, which saw a record
number of e-way bills, could see monthly collections of
around Rs 1.5 trillion, he added.
E-way bills, seen as a proxy for GST collections, came
in at Rs 78.16 million for March, the highest monthly
data since the online system was rolled out on April 1,
However, customs duty and excise duty collections are
going to be more challenging as duties were cut on many
items, the CBEC chairman said. Customs duties were cut
recently on on edible oils, some pulses and cotton (on
Thursday) to cushion the impact of the rise in commodity
prices. Excise duty on petrol and diesel were cut by Rs
5 and Rs 10, respectively, in November 2021.
Excise duty collections are budgeted to be Rs 3.35
trillion in FY23, down 14% compared with actuals of Rs
3.9 trillion in FY22. Customs duty receipts are
estimated to be Rs 2.13 trillion, up 7% on year.
Excise duties (and cesses) are levied as specific taxes,
unlike other taxes which are levied on ad valorem basis.
With the government banking on GST to push overall
indirect tax growth, the CBIC is now increasingly
focusing on scrutiny of returns to verify compliance.
“We have identified about 35,000 GSTINs (assigned to
business entities) for 2017-18 (first year of GST
rollout) based on risk for scrutiny in the first phase
and field formations are currently doing the exercise,”
Johri said. As the year progresses, GSTINs will be
identified through data analytics for FY19, he added.
The CBIC is looking for consistency within the returns
filed by businesses with regard to input supplies,
output supplies, input tax credits and tax payments.
“Wherever we find a gap, we will take it up with tax
payers. Income tax payments by these businesses will be
tallied at the back-end also,” the official added. For
improved compliance in a coordinated manner, the Centre
is working out a joint strategy with states. The group
of ministers (GoM), led by Maharastra deputy chief
minister Ajit Pawar on IT issues, is expected to shortly
submit its report on how to use data analytics tools to
plug tax leakages and evasions