GST shortfall in FY21 stands at Rs 2.35 lakh crore, of which only Rs 97,000 crore was due to implementation of GST, while the rest was due to the pandemic, says Revenue Secretary.
Rs 1.5 lakh crore due to states for April-July in GST compensation, says Revenue Secretary.
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Unknown title act of God which might even result in a contraction of the economy, says Finance Minister Nirmala Sitharaman The Compensation Act did not foresee an act of God, she says. 4.40 pm GST shortfall <span>GST shortfall in FY21 stands at Rs 2.35 lakh crore, of which only Rs 97,000 crore was due to implementation of GST, while the rest was due to the pandemic, says Revenue Secretary. Rs 1.5 lakh crore due to states for April-July in GST compensation, says Revenue Secretary. 4.35 pm GST collection severely impacted due to pandemic, says Revenue Secretary after GST Council meeting. Attorney General has opined that shortfall in GST collections cannot be met f Summary
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