Fastag integration with motor insurance could boost GST revenue by 18,000 crore

Linking Fastag with motor insurance could generate an estimated Rs 18,000 crore in additional GST revenue. This integration would significantly reduce uninsured vehicles by leveraging Fastag's toll plaza scanning capabilities for better compliance and fraud prevention. The move also addresses issues like fake insurance policies for commercial vehicles and could lead to more efficient premium adjustments if third-party rates are revised annually.