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Indirect tax collection may fall short, says Garg - GST Station

Indirect tax collection may fall short, says Garg

Indirect tax collection may fall short, says Garg

    GST collection fell to ₹97,247 cr. in Feb.

    While the government is reasonably confident of meeting its direct tax collection target for the current financial year, indirect tax collection may fall short, S.C. Garg, Finance Secretary, said on Thursday.

    “Direct tax, we are reasonably confident. Indirect tax there may be some shortfall,” Mr. Garg on the the sidelines of a fintech seminar.

    GST collection in February dropped to ₹97,247 crore in February from ₹1.02 lakh crore in the previous month.

    The government had lowered the GST collection target for current fiscal to ₹11.47 lakh crore in the revised estimates, from₹13.71 lakh crore budgeted initially.

    For the next fiscal 2019-20, the GST collection target had been budgeted at ₹13.71 lakh crore.

    Source- The Hindu.

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