Are States’ GST collections on track?

The GST mop-up in the past three years has been less than impressive and major States are staring at huge shortfalls The need for shifting from the erstwhile VAT to Goods and Service Tax (GST) regime was felt because Value Added Tax continued to be complicated, cascading and inefficient. GST was seen as a game-changer as expectations were that it would increase the tax revenues of States by improv…