Finance Ministry Sets Monthly GST Collection Target At Rs 1.1 Lakh Crore
The North Block of the Central Secretariat building, which houses the Ministries of Finance and Home Affairs, stands in New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Finance Ministry Sets Monthly GST Collection Target At Rs 1.1 Lakh Crore

Bookmark

The finance ministry has set its monthly GST collection target at Rs 1.1 lakh crore, amid talks that the government is likely to miss its tax collection target for 2019-20, according to sources.

Revenue Secretary Ajay Bhushan Pandey held a video conference meeting with top tax officials and impressed upon them to step up measures to achieve direct and indirect tax collection target.

Officers have been particularly urged to ensure that during field enforcement drive and visits, no taxpayer is overreached or troubled, the source said.

The revision comes a day ahead of the 38th GST Council meeting. On Monday, the centre released Rs 35,298 crore as GST compensation to states and union territories.

Also read: How To Sign Up For BloombergQuint Story Notifications

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.