FinMin revises target for GST collection in FY20; aims mop-up at Rs 1.5 trn

The government aims to collect Rs 10,000 crore more than what was targeted earlier at a time when all months till December in FY20 yielded less than Rs 1.1 trillion, except for April

Weeks ahead of the Budget, the finance ministry has revised its target for goods and services tax (GST) collection in January and February — to Rs 1.15 trillion, from the earlier Rs 1.1 trillion. This would be achieved by detecting fraudulent input tax credit using data analytics. 

At a meeting convened by the Department of Revenue, under the finance ministry, the target for March was retained at Rs 1.25 trillion.

This means the government aims to collect Rs 10,000 crore more than what was targeted earlier at a time when all months till December in the current financial year (FY20) yielded less