Indirect Tax

By Harish Thapar , 6 April 2026

India’s indirect tax collections for fiscal year 2025-26 slightly exceeded government targets, reflecting resilient economic activity across sectors. Total collections, including customs, excise, and Central Goods and Services Tax (CGST), surpassed Rs 15.52 lakh crore, supported by strong domestic demand and trade flows. Customs duty contributed Rs 2.58 lakh crore, excise duty Rs 3.38 lakh crore, and CGST Rs 9.58 lakh crore.