Can govt make up for shortfall in GST revenue collections?

Meeting the budgeted fiscal deficit target for the year looks difficult, especially in light of unimpressive revenue collections from the goods and services tax (GST) so far. GST collections in the first seven months of the year were 13% below the budgeted ₹1.12 trillion per month average, analysts at CLSA pointed out in a note to clients. If the trend continues, there is likely to be a shortfall…