Govt to meet fiscal deficit target despite GST rates cut: FM
Finance Minister Arun Jaitley said the government will meet fiscal deficit target of 3.3% of GDP for 2018-19 despite revenue loss due to reduced GST rates. GST Council's decision to cut rates on 23 goods and services will result in annual revenue loss of â¹5,500 crore. This shortfall would be met through measures to improve tax compliance, Revenue Department said.