GST collections slip below Rs 1.5-trn mark in May despite 44% YoY increase

Goods and services tax (GST) collections slipped below the Rs 1.5 trillion mark in May. India saw gross  GST  collections of Rs 1.41 trillion during the month. However, the collections in May are 44 per cent higher than the same month in 2021. In April,  GST  collections had touched a record high of Rs 1.68 trillion, surpassing the Rs 1.5-trillion mark for the first time. “The…