GST collections: March sees record mop-up, but deficit lingers

As the goods and services tax (GST) collections for March (collected in April) came in at Rs 1,03,458 crore, compared with a monthly average of around Rs 90,000 crore in July-March, finance minister Arun Jaitley called it (collections exceeding Rs 1 lakh crore) “a landmark achievement and a confirmation of increased economic activity as brought out by other reports”. Tax experts not…