‘GST mop-up in line with projections’
Rollout has been relatively smooth; no plans to revise targets, says CBEC chief
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, said Vanaja N Sarna, Chairperson of CBEC.
She said the target for revenue for the Department of Customs 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.
She was replying to a question if the GST collection target may be missed.
“It is very difficult to say for the GST regime because it is only two-three months down the line,” she said.
She was yesterday erroneously quoted to say that the indirect revenue collection of the government may fall short of the target this fiscal due to disruption caused by the GST roll out. The government last week had stated that GST collections for September totalled ₹92,150 crore. They were over ₹95,000 crore in July and over ₹91,000 Vanaja N Sarna, Chairperson of CBEC
crore in August. GST, which amalgamates over a dozen taxes, including excise duty and service Tax, was rolled out from July 1.
The Chairperson of Central Board of Excise and Customs (CBEC) said it was difficult to assess the target as exporters would take refund and there would be input tax credit refund as well.