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Rationalise rates

GST Council must address the shortfall in collection

Topics
Goods and Services Tax | GST Council | Shortfall in GST Revenues

Business Standard Editorial Comment  |  New Delhi 



After a few months of robust performance, (GST) collection is expected to be back in the pressure zone in May, which will reflect economic activity in April. The impact of the devastating second wave of the pandemic is already visible in a sharp drop in e-way bill generation. The renewed revenue concern is likely to dominate the upcoming meeting on Friday. State governments, which are at the front line of dealing with the pandemic and providing relief, will also now have to spend on vaccine procurement. A decline in revenue from a lower base and increase in expenditure will make fiscal management even more difficult for states, which are raising concern about the shortfall and the compensation structure may need to be re-evaluated.

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First Published: Sun, May 23 2021. 22:53 IST

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