FY23 GST collections to exceed Budget estimate; Excise, customs targets challenging: CBIC chief

Gross goods and services tax (GST) revenues in FY23 may be Rs 1.3-1.35 trillion a month on average (about `16 trillion in the year), which could mean the Centre’s GST revenues could be Rs 300-550 billion more than the budget estimate (BE) of Rs 6.6 trillion, the Central Board of Indirect Taxes and Customs (CBIC) chairman Vivek Johri told FE. The collections will get a boost from improved complianc…