GST revenue shortfall: The Centre could be staring at a Rs 517 billion hole

The Centre’s collections from the central goods and service tax (CGST) stood at Rs 504 billion at the end of the first quarter (Q1) of 2018-19. It got an additional Rs 424 billion as settlement from the integrated GST (IGST) over the same period. Assuming that tax collections grow at 10 per cent (quarter-on-quarter, or QoQ), the Centre’s  GST collection  is likely to be Rs 517 billion le…