SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. Indirect tax target of Rs 6.23 lakh crore challenging but achievable: Finance Minister

Indirect tax target of Rs 6.23 lakh crore challenging but achievable: Finance Minister

12 Aug 2014 Evaluate

Finance Ministry Arun Jailtley has asserted that achieving Rs 6.23 lakh crore indirect tax collection target for current fiscal remains a challenge but efforts are on to attain the collection target by taking measures to boost growth. The government has budgeted to collect over Rs 6.23 lakh crore from indirect taxes in the current fiscal, which requires a growth rate of around 20 percent over the collection in 2013-14.

Arun Jaitley has stressed that tax collection depend upon the overall revival of the economy and in order to spur growth, the government has been taking measures over the past two months for improving areas of manufacturing and infrastructure. Finance Minister further added that the government is in favor of trade facilitation, which leads to substantial reduction in transactional cost for the businesses. Minister emphasized that investment in strengthening the tax infrastructure in the country will bring better returns to the exchequer of the government. He also laid emphasis upon reducing tax litigation and tax settlement mechanism to unlock the money held up due to litigation. He asked the officers of the Central Board of Excise and Customs (CBEC) to work as a facilitator for tax payers and at the same time take action wherever they find cases of tax evasion.

Indirect taxes include customs duty, central excise duty and service tax. Indirect tax collections grew by 4.5 percent to Rs 1,13,570 crore during April-June quarter of the current fiscal as compared to Rs 1,08,639 crore during the same period of previous financial year. Tax collection is the major source of revenue for the government. The government estimates to garner Rs 13.64 lakh crore from both direct and indirect tax collections during the FY15. In the previous fiscal year, tax collections fell short of target by a whopping Rs 77,000 crore as the government collected Rs 11.58 lakh crore against the budget estimate of Rs 12.35 lakh crore.

Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×