Need to Spend, But Where is the Money? | Tax Shortfall
The government has missed the GST collection target of Rs 1 lakh crore most months this fiscal.
The slowdown in the economy is set to impact the government in more ways than one. According to media reports, the central government estimates a Rs 2 lakh crore shortfall in gross tax revenues for 2019-20. The budgeted tax collection estimate for the current fiscal was Rs 24.6 lakh crore.
Even in the last fiscal, the government fell short
