How GST and demonetisation impacted govt finances
Tax collections from goods and services tax (GST) have been underwhelming, and the government is set to miss this year's fiscal deficit target
Mumbai: Widening the tax base and collecting more taxes has been a priority for the current government at the centre. This government’s two major economic disruptions—the introduction of goods and services tax (GST) and demonetisation—were justified in the name of raising tax compliance among other things. However, these moves have not exactly turned out as planned and the government is set to miss its fiscal deficit target for 2018-19.