States’ average GST revenue shortfall down to 13% in FY19

Only 10 States have revenue deficit of over 20%, says Jaitley The average revenue shortfall of States due to the Goods and Services Tax has fallen to 13% in the ongoing financial year up to August 2018, from 16% in 2017-18, Finance Minister Arun Jaitley said on Friday after the 30th GST Council meeting. The Finance Minister said that, while most of the meeting was around procedural aspects, there…