GST Collections in Line With Projections, No Shortfall: CBEC
Tax collections under the new GST regime are more or less in line with the projections and there are no plans yet to revise the annual revenue targets, CBEC chairperson Vanaja N Sarna said. Sarna said the target for revenue for the customs department is about .₹ 9.68 lakh crore for the current fiscal. Customs collection growth is “alright”, she said, adding that the GST rollout from July 1 has been relatively smooth. “The rollout has been relatively smooth and collections are more or less coming in line,” she said, adding that it is very difficult to say if the targets of tax collections in the new regime would be met or not.