Budget 2019: Is the rationalised GST target still too ambitious?

CGST would have to average Rs 47,358 cr a month for rest of FY19 compared to Rs 33,257 cr so far

The Union government rationalised its expectations for tax revenue collection in FY20 while presenting the Budget. Instead of the projected collections in the interim budget of Rs 25.52 trillion, the budget on Friday pegged the government’s gross tax revenues at Rs 24.62 trillion.

A large part of this lowered revenue expectation came from reducing Centre’s targeted revenue from Goods and Services Tax (GST). The target for FY20 was brought down from the interim budget figure of Rs 7.61 trillion to Rs 6.63 trillion.

Every expert agrees the new target is more reasonable compared to the interim budget numbers. But is it