Tax collections up 16.3% in H1, as against FY24 BE of 10%

Swatantra Bhatia, Tax Partner, Forvis Mazars in India, said, “In light of the Budget’s anticipatory projection of a 9% year-on-year upturn in excise duty collections, a meticulous evaluation of the prevailing economic conditions and their implications for this revenue source is warranted. A comprehensive analysis of the intricacies within the excise duty framework is essential to determine the feasibility of attaining this target.”