GST collections in May unlikely to touch April’s Rs 1 lakh crore level

Revenue from Goods and Services Tax (GST) for the month of May might not match the over Rs 1 lakh crore mop-up in April, as the first quarter of the fiscal year is generally a weak one, according to officials Moneycontrol spoke to. April-June or the first quarter is a subdued period when manufacturing activity also slackens a bit, order inflows slow amidst setting of targets for the new financial…