Indirect taxes: In FY26, govt exceeds targets, collects over Rs. 15.52 trillion
Virendra Pandit
New Delhi: The Government of India has marginally exceeded the indirect tax collection target for the previous fiscal year (2025-26), the media reported on Thursday.
The total indirect tax collection, which includes customs, excise and GST, as per Revised Estimates (RE) was pegged at over Rs.15.52 lakh crores for FY26. This includes Rs. 2.58 lakh crore from customs duty, Rs. 3.38 lakh crore from excise duty, and Rs. 9.58 lakh crore from Central Goods and Services Tax (CGST).
Without giving actual figures, the reports, quoting an official, said that revenues from customs duty came in at 102 percent of RE, while in case of excise duty it was 101 percent of RE. The Central GST collection came in at 100.8 percent of RE for FY26.
“Overall, GST plus non-GST collection came in at 101.2 percent of RE.
However, the collection from health and national security cess, which is levied on pan masala manufacturing has missed the target.
The RE had pegged Rs. 2,330 crores from the health and national security cess collection in FY26. However, the actual collections for FY26 came in lower at 63 percent of RE.
Under the Health and National Security Cess Act, a cess is levied on the manufacturing capacity of pan masala units effective February 1, 2026. The cess is levied over and above the highest 40 percent GST rate.
The official said that the collections from the cess is expected to improve in the current fiscal as the levy settles in. In the current fiscal, the government has budgeted to collect Rs. 14,000 crore from the cess.
