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

By The Indian Express calender  19-Sep-2019

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. 

    Also Read: "Howdy Economy Doin', Mr Modi?": Rahul Gandhi, Sister Priyanka Target PM
     
  • 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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