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Non-compliance in GST payments may be burning a Rs 5 lakh crore hole in revenues, says report

Updated : January 21, 2020 11:51 AM IST

FFC made a presentation to the GST Council recently and assessed that the revenue loss was equivalent to 2.4 percent of gross domestic product, the report said.
This works out to Rs 5 lakh crore if one goes by the first advance estimate of nominal GDP for FY20 released earlier this month, it added.
Non-compliance in GST payments may be burning a Rs 5 lakh crore hole in revenues, says report

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