Interim Budget eases GST estimate, collection rises to 84% of target

The government has revised the goods and services tax (GST) collection target, making it easier to achieve. In the interim Budget presented on Friday, the central GST (CGST) estimate has been revised downward by Rs 1 trillion to Rs 5.04 trillion due to shortfall in the current financial year.
 
With the new estimate, the overall collection to date stands at 84 per cent of the target in 10 months as against the earlier figure of 78 per cent. GST collection in January had touched Rs 1.03 trillion, taking the overall collection in April-January 2018-19 to Rs 9.71 trillion or