Govt staring at a shortfall of Rs 500 bn to Rs 1 trn in GST collection?

Can this be made up in other ways so as to not breach the fiscal deficit target?


The Narendra Modi government could be staring at a shortfall in Goods and Service Tax (GST) collection of anywhere between Rs 500 billion and Rs 1 trillion this fiscal, according to estimates put out by analysts over the last month. Any potential shortfall in GST revenues – a prospect that the Centre has tried to ignore – will have an impact on government spending, which in turns has implications for India’s economic growth. A report put out by the State Bank of India’s research wing this week expects a shortfall of “around Rs 900 billion in GST ...