Govt May Miss Revenue Collection Target CBEC Chief
The indirect revenue collection by the government may fall short of the target this fiscal due to disruption caused by the GST rollout, a top official said on Sunday. For the year ending March 2018, the government had budgeted `9.68 trillion collection from customs and GST. However, the official of the Central Board of Excise and Customs (CBEC) made it clear that there is no plan to revise the revenue collection target for the year. “The revenue collection target from customs and GST, which put together is `9.68 trillion for the current fiscal, seems difficult for the department (to achieve) at the moment, keeping in view the recent GST rollout,“ Vanaja N Sarna, chairperson, CBEC told PTI here.
The Economic Times, New Delhi, 30th October 2017