Statsguru: Despite GST dues payment, worries far from over on revenue front

IGST collection on imports shows a disturbing trend with a fall for four consecutive months

Despite the Centre paying states the compensation due to them on account of shortfall in goods and services tax (GST) collection, worries are far from over on the revenue front.

GST collection contracted for two consecutive months of September (2.7 per cent) and October (5.3 per cent), while November collection showed an uptick of 6.5 per cent (Chart 1). 

Experts have noted that this uptick was due to one-off seasonal sales in October. Further, the extent to which companies can use input-tax credit was reduced for November. 

Aside from disappointing collection in September, the