It's time for GST rate cuts

The May 2018 numbers for revenue under the Goods and Services Tax (GST) have raised concerns over a slowdown in collections. Such fears, however, are unfounded. Drawing conclusions from a particular month’s collection figure coming in at less than Rs 1 trillion ( the May 2018 number put it at Rs 0.94 trillion) is as flawed as judging revenue buoyancy without taking into account the factor of seaso…