Government's Decision to Impose GST Proving to be Slow Death for Economy

The net direct tax collections in the first five-and-a-half months of 2019-20 making up just a third of the full-year target.
Net direct tax collections during April 1-September 15 grew just 5% to Rs 4.4 lakh crore.
The slowdown has translated into single-digit growth of 6% in advance tax collection up to September 15, as against 18% during the corresponding period last year.

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Companies pay 30% and 25% of their liability in the next two installments due December 15 and March 15 respectively.
With the sharply slower revenue growth, the government’s direct tax targets are looking out of reach for the second consecutive year.

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