GST revenues may cross Rs 1 trillion post anti-evasion measures

The GST collection for July-February period is estimated at Rs 4.44 trillion.

The revenues from the Goods and Services Tax (GST) is likely to cross Rs 1 trillion a month after anti-evasion measures like matching of tax data and e-way bill are in place, finance ministry officials told PTI.
 
Currently, as officials say, there is minimal tracking of goods movement from one state to another, and therefore, the e-way bill will help check tax evasion as then movement of stock and its end use would be monitored.
 
The government has estimated about Rs 7.44 trillion collection from GST in the next financial year. 
 
The GST collection for July-February period is estimated at Rs 4.44 trillion. 
 
As per officials, the revenue estimates for 2018-19 might go up depending on enforcement actions taken by the government.
 
Source: PTI, Business Standard

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