The most important Goods and Services Tax (GST) Council, will meet on 11th January to discuss the fall on revenue after the rollout of the current GST regime.
In November, the GST collection was Rs 80,808 crore, down from a provisional Rs 83,346 crore in October and a peak of over Rs 94,000 crore in July, as per data released on December 26.
A ministry official noted that states are getting very vocal about falling revenue, and therefore, have decided to discuss steps needed to boost collection.
Prior to this, a preparatory meeting of the GST Council’s Fitment Committee is scheduled for today to discuss rates and simplification of returns.
