Uptick in GST collections doesn’t suggest the economy is firing up

Mumbai:  Goods and services tax (GST) collections in December accelerated to cross the  ₹1 trillion mark for the second consecutive month, up 8.9% year-on-year. This should normally suggest green shoots. However, changed GST Council norms for claiming input credit may have contributed to the increase in collections in December. The changed norms mandate companies to match…