India's indirect tax collections for fiscal year 2025-26 have surpassed the government's target. Customs, excise, and GST revenues showed strong performance. However, collections from a specific cess on pan masala manufacturing did not meet expectations. This shortfall is seen as temporary, with future collections anticipated to improve.
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Indirect tax mop-up tops FY26 target, but pan masala cess misses the mark
India's indirect tax collections for fiscal year 2025-26 have surpassed the government's target. Customs, excise, and GST revenues showed strong performance. However, collections from a specific cess on pan masala…
