Centre Has Lowered Its GST Target, but Is It Still Too Ambitious?

New Delhi: The Union government rationalised its expectations for tax revenue collection in FY20 while presenting the Budget. Instead of the projected collections in the interim budget of Rs 25.52 trillion, the budget on Friday pegged the government’s gross tax revenues at Rs 24.62 trillion. A large part of this lowered revenue expectation came from reducing the Centre’s targeted revenue from Good…