Amid falling collections, FinMin sets Rs 1.1 trillion monthly GST target


Amid concerns that the government may fall short of tax collection target in a slowing economy, the Centre has set an ambitious Rs 1.1 trillion monthly GST target for the remaining four months of the current fiscal and asked taxmen to step up efforts to achieve the goal.
Revenue Secretary Ajay Bhushan Pandey held a video conference meeting with top tax officials of departments looking after both income tax and indirect taxes such as GST and asked them to step up efforts to achieve tax targets, finance ministry sources said.
While taxmen have been asked to plug evasions, Pandey impressed upon them to achieve targets without harassing honest taxpayers.
Taxmen were told in no uncertain terms that both the GST as well as the Rs 13.35 trillion target for direct taxes for 2019-20 will have to be achieved. Read Complete Article

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