A transient high: On GST inflows

Record GST inflows are heartening, but major risks lie ahead  India’s GST regime could not have hoped for a better start to its fifth year.  Revenues from the tax hit an all-time high of ₹1,41,384 crore in April , surpassing the  previous month’s record of about ₹1.24 lakh crore . After a disastrous period for the economy following last year’s national lockdown, GST revenues hit ₹1.…