GST numbers show revenues shortfall of states have come down: J&K FM

Four months after goods and services tax (GST) rollout, some green shoots are visible. The revenue collections are starting to pick-up and the shortfall is gradually reducing.

In an interview with CNBC-TV18, Haseeb Drabu, Finance Minister, J&K shared his views and readings on the same.

GST numbers show that revenue shortfall for states has come down from 27 percent to 17 percent of the total, he said.

All the consuming states are showing revenue shortfall of around 25 percent. Once that gets compensated as the system stabilises, we expect a much better revenue performance in the months to come, he added.

Overall I don’t think revenue is going to be an issue, said Drabu.

For full interview, watch accompanying video...