Details of Central Taxes collected by the Union Government

Last updated: 09 March 2021

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The Union Government has detailed the specific taxes collected solely by the central authorities. These include direct taxes such as Corporation Tax and Income Tax, and indirect taxes like Central GST, Union Excise Duty on specific products, and Customs duties. While the Union Government has exclusive powers for some indirect taxes, both the Union and States share powers for levying and collecting taxes under GST.

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.

Union Government Lists Central Taxes Collected

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 1^st April, 2020 to 31^st 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 31^st 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.

FAQ :

The direct taxes collected solely by the Union Government include Corporation Tax, Income Tax, Other Taxes in Income & Expenditure, Wealth Tax, Security Transaction Tax, and other tax and duty on commodities and services.

The indirect taxes collected solely by the Union Government are Central GST, Union Excise Duty on petroleum products and tobacco, and Custom duties. However, for products outside GST, the Union Government levies and collects Union Excise Duty and Custom Duty exclusively.

Yes, under the Goods and Services Tax (GST), both the Union and the States have concurrent powers to levy and collect taxes.

The revised targets for the financial year 2020-21 included Rs. 4,46,000 Crore for Corporation Tax, Rs. 4,47,000 Crore for Taxes on Income, Rs. 12,000 Crore for Security Transaction Tax, Rs. 1,12,000 Crore for Custom Duty, Rs. 3,61,000 Crore for Union Excise Duty, and Rs. 5,15,100 Crore for Goods and Services Tax.

By December 31, 2020, the net collection for Direct Taxes was Rs. 6,20,529.14 Crore, and for Indirect Taxes, it was Rs. 7,12,231.78 Crore.

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