Centre banking on tax recoveries to plug revenue loss

Despite a surge in October GST collections, the central government is still staring at a substantial shortfall in tax revenue. According to Vijayasarathy, Founder & Managing Partner, DVS Advisors LLP, “In comparison with the previous year, we can expect the final shortfall figure to be around 22 per cent to 25 per cent by the end of the FY. The scenario is no different on indirect tax front as well; however, the margin is low at overall  shortage of 12 per cent when compared with the previous year.”