‘GST mop-up in line with pro­jec­tions’

Roll­out has been rel­a­tively smooth; no plans to re­vise tar­gets, says CBEC chief

The Hindu Business Line - - NEWS -

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.

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