GST continues to pose problems even after 18 months of its roll out

Even a year and a half after its launch, the goods and service tax (GST) regime continues to pose grave problems for the central government’s fiscal maths. 

While monthly collections have crossed the Rs 1 trillion mark twice in the current year, they remain well below the desired monthly run rate. This is despite the number of returns filed rising to 6.96 million in October, up from 6.75 million in September. 

On its part, the government had hoped that compliance under the new indirect