May GST collection data strengthens belief in economic activity growth, macroeconomic stability, say experts

The 12 per cent rise on an annual basis in Goods & Services Tax (GST) revenue for the month of May indicates growth in economic activity and further strengthens the belief in India’s macroeconomic stability. Experts opined that the growth also shows increased compliance by the Industry.  GST collection grew 12 per cent in the month of May 2023 to Rs 1.57 lakh crore. The finance minis…