CBDT said- Income Tax Department gave back Rs 80086 crore to taxpayers in the current financial year

The Income Tax Department has given back more than 80 thousand crore rupees in the current financial year. The Central Board of Direct Taxes (CBDT) has given this information. CBDT has shared this information through Twitter. CBDT has written that Rs 19,699 crore has been refunded to 47,53,254 taxpayers under personal income tax head and Rs 60,387 crore has been refunded to 1,63,021 taxpayers in company tax case.

Rs 80,086 crore given back till September

The board said that the CBDT has returned Rs 80,086 crore to more than 49.16 lakh taxpayers between April 1, 2021 and September 27, 2021. Of this, 20.92 lakh refunds are for the assessment year 2021-22. Under this, Rs 1611.45 crore has been refunded.

GST Collection also more than 1 lakh crore

The Finance Ministry said that the gross GST revenue in September 2021 stood at Rs 1,17,010 crore. This includes Rs 20,578 crore of Central GST, Rs 26,767 crore of State GST, Rs 60,911 crore of Integrated GST (including Rs 29,555 crore collected on import of goods) and Rs 8,754 crore of Cess (including Rs 623 crore received on import of goods). Huh. India’s Goods and Services Tax (GST) collection in September remained above Rs 1 lakh crore for the third consecutive month.

23 percent increase from last year

The GST collection in September 2021 is 23 percent more than the revenue of September 2020 last year. Revenue from import of goods was 30 per cent higher during Tambara and revenue from domestic transactions (including import of services) was up 20 per cent compared to the same month last year. At the same time, before September, the GST collection in August 2021 was Rs 1,12,020 crore. Looking at these figures, you can understand that the economy which has been damaged due to Corona in India is now back on track.

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