GST revenue shortfall: The Centre could be staring at a Rs 517 billion hole

Data accessed from finance ministry through the Right to Information Act suggests so

The Centre’s collections from the central goods and service tax (CGST) stood at Rs 504 billion at the end of the first quarter (Q1) of 2018-19. It got an additional Rs 424 billion as settlement from the integrated GST (IGST) over the same period.

Assuming that tax collections grow at 10 per cent (quarter-on-quarter, or QoQ), the Centre’s GST collection is likely to be Rs 517 billion less than the budgeted target of Rs 6,039 billion in an optimistic scenario. It assumes that, unlike in the previous year, IGST collections will be divided equally between the Centre and the states