Fear of revenue loss abates as GST collections gain momentum States are steadily improving GST collections aided by relaxations in deadline, waiver of late payment fee and steps to encourage compliance, shows GST Council data.The initial revenue shock following the rollout of the goods and services tax (GST) seems to have abated, with states steadily improving collections aided by relaxations in deadline, waiver of late payment fee and steps to encourage compliance, showed data from the GST Council. Average shortfall in GST revenue collected by states narrowed to 24% in September and further to 17.6% in October from a high of 28.4% in August, supporting the optimism of state finance ministers that revenues will stabilize further in coming months. Monthly GST receipts of states relate to sales in the previous month GST, aimed at creating a common nationwide market by scrapping a web of local taxes, has seen a series of tweaks since it was implemented on 1 July, with the most com