GST shortfall this year at Rs 2.35 lakh cr, most of it due to pandemic: Govt

Finance Minister Nirmala Sitharaman told states during the GST council meet on Thursday that GST shortfall is only for the current fiscal. Ajay Bhushan Pandey, Revenue Secretary said GST shortfall in FY21 at Rs 2.35 lakh crore of which only 97,000 crore due to implementation of GST while the rest is due to the Covid-19 pandemic. He went on to add that the Attorney General has opined that shortfall…