Fear of revenue loss abates as GST collections gain momentum

States are steadily improving GST collections aided by relaxations in deadline, waiver of late payment fee and steps to encourage compliance, shows GST Council data The average shortfall in state GST revenue narrowed to 24% in September and further to 17.6% in October from 28.4% in August. The initial revenue shock following the rollout of the goods and services tax (GST) seems to have abated, wit…