Govt staring at a shortfall of Rs 500 bn to Rs 1 trn in GST collection?

The Narendra Modi government could be staring at a shortfall in Goods and Service Tax (GST) collection of anywhere between Rs 500 billion and Rs 1 trillion 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 tu…