India's goods and services tax (GST) made nationwide tax sales of 1.13 trillion rupees, still it has yet to reach the 1.15 trillion rupees set by the Narendra Modi government.
Indian Prime Minister Narendra Modi had targeted a 1.15 trillion rupees in GST revenue.
Collections from the nationwide sales tax rose 10% to 1.13 trillion rupees in April from a year ago, official data show. “If GST collections do not improve further and sustain, the pressure on the central government’s fiscal position will continue,” economists Suvodeep Rakshit and Upasna Bhardwaj at Kotak Mahindra Bank wrote in a note.India let fiscal deficit widen for a second straight year as Modi, who’s seeking a second term in office in elections currently underway, tried to win over voters through cash handouts for farmers and tax cuts for the middle class.
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