Fixing the bleed: India is losing billions to GST tax evasion, and it needs to act fast

The North Block has been cheering the trend of India's monthly revenue collection from goods and services tax hitting Rs 1.5 lakh crore and becoming a 'new normal'. Vivek Johri, chairman at Central Board of Indirect Taxes and Customs also exuded confidence of breaching this level in the coming fiscal year. However, behind the celebrations is a miscreant that is making India bleed billion…