GST collections: hype and reality

At the start of May, the central government released yet another statement exuding optimism about the progress of India’s Goods and Services Tax regime, based on the previous month’s collections. The statement said that monthly goods and services tax (GST) collections in April had risen by 12 per cent year-on-year to a record high of ₹1.87 trillion. This compared with ₹1.60 trillion collected in M…