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GST revenues take a beating as Council tweaks rates far too often

Centre to propose one a year tweaking; states say proposal is not enough, slabs need to be changed, experts call for flexibility to cater to immediate needs

Topics
GST revenue collection | Shortfall in GST Revenues | GST compensation

Dilasha Seth & Indivjal Dhasmana  |  New Delhi 



GST, goods and services tax
While there are many reasons that cess collections fell short of the requirement, including slowing down of the economy, the frequent rate cuts could also be blamed for this

According to the government's own admission, Rs 1.10 trillion out of the expected Rs 2.35 trillion shortfall in compensation to the states for implementation of the goods and services tax in the current financial year is due to the gaps in the existing GST system.

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First Published: Wed, December 16 2020. 14:43 IST

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