GST collection in May slides, but still holds above ₹1 lakh crore-mark

Gross Goods and Services Tax collection for the month of May stood at  ₹1,02,709 crore, as per data released by Ministry of Finance on Saturday. This marks the eighth month in a row when GST revenue has stayed above the  ₹1 lakh crore mark despite slipping from record high of  ₹1.41 lakh crore in April 2021. GST collection for May took a hit due to lockdowns and other…