GST data matching may fetch 1L cr

New Delhi, Feb. 13: Revenues from the Goods and Services Tax ( GST) could cross ` 1 lakh crore a month towards the end of next fiscal after antievasion measures like matching of tax data and e- way bill are put in place, finance ministry officials said on Tuesday.

Once the GST return filing process stabilises completely, the directorate general of analytics and risk management will be put to action for 360 degree profiling and match the database of people filing GST with Income Tax returns filed, they said.

The government has budgeted about ` 7.44 lakh crore from GST in the 2018- 19 fiscal beginning April 1.

The estimated collection for eight mon- ths ( JulyFebruary) of the current fiscal is ` 4.44 lakh crore. The March collection will take place in April, the start of new financial year, 2018- 19.

The finance ministry officials said that the revenue estimates for next fiscal are conservative and could go up depending on enforcement actions taken by the government.