Non-GST indirect tax collections shrink 66% in Q1, says initial estimates

In a clear picture of the impact of COVID-19 pandemic and the lockdown on the Indian economy, the crucial indirect tax collections coming in from central excise and customs have seen a contraction of 66.4 percent in the first quarter of the current fiscal. According to senior government officials, the non-GST indirect tax collections for the first quarter of FY21 came in at Rs 28,839 crore as agai…