GST Good News: Know why Modi govt has pegged 18 percent rise in collections
The central government plans to collect over Rs 7.61 lakh crore in Goods and Services Tax (GST) next fiscal as against the revised estimate of over Rs 6.43 lakh crore to be collected in the current financial year ending March. This translates into an 18 per cent growth in mop up.
However, the collection during this fiscal would be less by Rs 1 lakh crore from the Rs 7.43 lakh crore estimated in the budget for 2018-19. "Last fiscal our average collection was Rs 89,000 crore. Reuters