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With Rs 1.1 lakh crore monthly GST collection target, businesses fear excessive scrutiny from government

Updated : December 20, 2019 03:20 PM IST

With revenue shortfall emerging as a major area of concern threatening to alter government finances, the centre has set a Rs 1.10 lakh crore monthly GST collection target.
In the past eight months of FY20, the collection crossed Rs 1.10 lakh crore mark only in April with the remaining months witnessing mop-up only a tad above Rs 1 lakh crore.
Tax experts said that with government spending rising the only option to raise revenue is raising the tax rates.
With Rs 1.1 lakh crore monthly GST collection target, businesses fear excessive scrutiny from government

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