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Monday, December 23, 2024 | 11:39 AM ISTEN Hindi

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Govt staring at a shortfall of Rs 500 bn to Rs 1 trn in GST collection?

Can this be made up in other ways so as to not breach the fiscal deficit target?

GST
Premium

GST

The Wire
The Narendra Modi government could be staring at a shortfall in Goods and Service Tax (GST) collection of anywhere between Rs 500 billion and Rs 1 trillion this fiscal, according to estimates put out by analysts over the last month.

Any potential shortfall in GST revenues – a prospect that the Centre has tried to ignore – will have an impact on government spending, which in turns has implications for India’s economic growth.

A report put out by the State Bank of India’s research wing this week expects a shortfall of “around Rs 900 billion in GST and excise collections”.

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