How Big a Shortfall in GST Revenues Should the Modi Government Expect?

The Narendra Modi government could be staring at a shortfall in Goods and Service Tax (GST) collection of anywhere between Rs 50,000 crore and Rs 1 lakh crore this fiscal, according to estimates put out by analysts over the last month. Any potential shortfall in GST revenues – a prospect that the Centre has tried to ignore – will have an impact on government spending, which in turns has implicatio…