Inflation, imports main reasons for record GST collections, says report

The record goods and service tax (GST) collections in April were less due to increased consumption and more due to inflation and rising imports, said a report by Ambit Capital on Monday. “The jump in  GST  collections should not be confused with commensurate rise in consumption as consumption in real terms is just 2 percent above pre-pandemic levels,” said the report, authored by Ambit’s…