Outstanding of Indirect & Direct Taxes Payable to Exchequer including Corporate Sector from 2015-16 to 2018-19

July 6, 2020

Author: susil

Outstanding amount of indirect taxes payable to exchequer including corporate sector was Rs. 1,88,368 crore in 2015-16. It has surged by 21.32% to Rs. 2,28,530 crore during 2016-17 above 2015-16. Annual growth of 3.99% has been seen in outstanding of indirect taxes payable to exchequer including corporate sector during 2017-18 versus 2016-17. Outstanding amount of indirect taxes payable to exchequer including corporate sector was Rs. 2,59,023 crore during 2018-19, up by 8.99% against Rs. 2,37,651 crore during 2017-18.

Outstanding amount of direct taxes payable to exchequer including corporate sector was Rs. 5,47,953 crore in 2015-16. It has increased by 14.5% to Rs. 6,27,389 crore during 2016-17 against 2015-16. We have observed annual decline of -26 basis points in outstanding of direct taxes payable to exchequer including corporate sector during 2017-18 above 2016-17. Outstanding amount of direct taxes payable to exchequer including corporate sector was Rs. 8,07,137 crore during 2018-19, up by 28.99% versus Rs. 6,25,750 crore during 2017-18.

In absolute term the growth rate was 37.5% in outstanding of indirect taxes payable and 47.3% in outstanding of direct taxes payable to exchequer including corporate sector during 2018-19 against 2015-16.

Note: Source: RAJYA SABHA SESSION – 248 UNSTARRED QUESTION No 980; Data upto December for the year 2018-19; Data Values are Rs. in crore.

Dataset URL: https://data.gov.in/resources/year-wise-total-outstanding-amount-various-taxes-payable-exchequer-including-corporate

Resource Title: Year-wise Total Outstanding Amount of various Taxes Payable to Exchequer, including Corporate Sector from 2015-16 to 2018-19 (From : Ministry of Finance)