India eyes spending cuts as glitches in GST hit revenue

By Manoj KumarNEW DELHI (Reuters) - India could be forced to cut spending on key infrastructure such as railways and highways as lower-than-expected tax collections and sluggish growth have upset the government's budget calculations, two finance ministry officials said.Tax receipts were about $7.

8 billion in July - a little over half the monthly target - mostly because millions of firms failed to comply with the new Goods and Services Tax (GST) system that harmonises all state and central sales taxes but is still a work in progress. The big.

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