GST math conundrum: Budgeted growth target of 20% ambitious

Based on the Interim Budget, the aggregate GST collection (Centre and states) for FY20 would be Rs 13.71 lakh crore, which is almost a 20% growth over revised estimates for FY19. The budgeted aggregate GST collections for FY19 was `13.47 lakh crore which has been revised to Rs 11.47 lakh crore (based on figures from the receipt budget of the Interim Budget). The average monthly collection in the f…