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GST collections drop to Rs 94,726 cr in December, lowest in three months

The Centre needs Rs 87,000 crore in January, February and March at least to recoup this shortfall

GST

The government collected Rs 94,726 crore as goods and services tax (GST) in December, lower than the collection in the previous two months. With a shortfall in seven of the nine months so far in 2018-19, GST collection in January, February and March has to be on average Rs 1.23 trillion to meet the budgeted target, according to calculations by Business Standard. While states are relatively safe due to compensation, the Centre’s fiscal position is in peril.  Against expectations of Rs 6.04 trillion from the Central GST (CGST) in 2018-19, CGST revenue stands at ...