GST collection may grow 18% in FY20: govt.

The Union government has projected over 18% growth in Goods and Services Tax (GST) collections in 2019-20 based on the rising trend in revenue mop-up witnessed during the three-month period ending January 2019, Revenue Secretary Ajay Bhushan Pandey said. “Last fiscal our average collection was Rs. 89,000 crore. This fiscal it is averaging Rs. 97,000 crore. So, the revenue trend is on upward scale. “If one compares November, December, January of 2017-18 with that of 2018-19, one can see a 14% increase. So, based on this assessment, we have given the increase for the next year, Mr. Pandey told PTI in an interview.

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