GST collection: Couple of highs, but way short of Rs 12 trillion target

Average monthly revenues will have to rise at least 14 per cent in the next five months than what was achieved in the first five months to hit the target

The collections from goods and services tax (GST) was projected to be Rs 12 trillion in the current financial year. In other words, each month is expected to yield Rs 1 trillion from GST on an average. However, only two months — April and October — have so far hit the monthly target. In fact, average monthly target stood at Rs 970 billion in the first seven months of FY19. To meet the yearly target, each of the next five months has to yield Rs 1.107 trillion GST collections. 

So far, none of the months have given this much revenue.