Mumbai, Oct 29 (PTI) The indirect revenue collection bythe government may fall short of the target this fiscal dueto disruption caused by the GST rollout, a top official saidtoday.
For the year ending March 2018, the government hadbudgeted Rs 9.68 trillion collection from customs and GST.
However, the official of the Central Board of Excise andCustoms (CBEC) made it clear that there is no plan to revisethe revenue collection target for the year.
The CBEC functions under the revenue department of theMinistry of Finance.
"The revenue collection target from customs and GST,which put together is Rs 9.68 trillion for the current fiscal,seems difficult for the department (to achieve) at the moment,keeping in view the recent GST rollout," Vanaja N Sarna,chairperson, CBEC told PTI here.
She was talking on the sidelines of Half Marathonorganised by the customs department.
Union Finance Minister Arun Jaitley attended the event.
GST was rolled out on July 1.
However, Sarna said the government has made it clear thatit has no plans to revise the target. Rather, it will wait forthe GST rollout to settle down over the next five to sixmonths.
Moreover, the department will not penalise traders forany default on tax payment at the moment, she said.
Customs has done well but "we have to wait till theGST rollout settles down", she added.
In reply to a query, Sarna said close to Rs 200 crore hasbeen disbursed by the department in the form of refunds toexporters so far.
Right now, she said, the department wants to be afacilitator for the GST implementation.
"It is not our job to penalise traders at the moment.
This is despite the fact that our intelligence officials areconstantly keeping a close watch on the entire development(related to GST)," she said. PTI KD RSYBAL.
This is unedited, unformatted feed from the Press Trust of India wire.
