GST collection, compliance unlikely to improve near-term: Report

Both Goods and Services Tax (GST) collections as well as its compliance in the first four months since the rollout of the new tax regime remain well below the target, and the situation is unlikely to improve in the near- term, says a report. This is excluding the Excise duty collections on petroleum products and the basic Customs duty both of which have been on an uptick due to the spike in crude…