Can’t cut GST rates once revenue targets fixed, says revenue secretary Ajay Bhushan Pandey

“We try to be reasonably ambitious in our estimate,” revenue secretary Ajay Bhushan Pandey told FE when asked about the challenging tax revenue target in Budget 2019-20. Hadn’t there been several rounds of rate cuts after its launch, the annual growth in GST collections would have already been a robust 19%, he said, hinting further GST rate cuts might have to wait. In an interview with FE’s Sumit…