GST revenue target set at Rs12 trillion for FY19

The GST Council has set Rs12 trillion as the target for goods and services tax collections for the current financial year, buoyed by rising tax compliance in the first year of the new indirect tax regime. The federal indirect tax body noted that the average monthly receipts in the last fiscal year, despite several disruptions, were Rs89,885 crore, marginally below the Rs91,000 crore target. “GST r…