Centre needs another Rs 4.2 trillion to meet FY18 indirect tax target

Now, of the Rs 1.9 trillion through IGST, data from the controller general of accounts shows Rs 1.38 trillion was sitting on the government book at the end of November

Even as the Centre appears confident of meeting the budgeted indirect tax collection target for FY18, analysis shows it would have to mop close to Rs 4.2 trillion in the last four months to meet the Budget Estimates.
 
In comparison, in the first eight months of the financial year, which ends on March 31, it is likely to have collected around Rs 5 trillion. The budgeted indirect tax collection target is Rs 9.26 trillion.
 
And, while some states have expressed concern over a decline in their revenue under the goods and services tax (GST), analysis shows states are