Govt Might be Asked to Lower GST Collection Target to Realistic Levels for FY20

The Central Board of Indirect Taxes and Customs (CBIC), the national agency that deals with matters related to levy and collection of goods and services tax (GST) in India, is likely to request the government to lower its GST collection target for 2019-20 in the full year’s budget on 5 July, according to a report. While presenting the interim budget on 1 February, the Centre had pegged a target of…