Pragmatic tax collection can cut fiscal deficit

Time has come to monitor empirically the buoyancy and elasticity of the tax system

Volatile tax collection has been a cause of great concern for the government after the implementation of the goods and services tax (GST). The September 2019 collection has hit a dismal low. Apart from an economic slowdown, there are multiple other factors behind low revenue collection. Tax conformance and financial discipline among businesses have a major role to play in revenue yield.   

The government has taken a slew of corrective measures to improve GST collection. Most of the teething GST issues have been resolved. The GST Council has been persistently making commendable efforts to resolve new issues, simplify the