GST collections for April and May set to decline drastically

NEW DELHI  : Goods and services tax (GST) collections are set to fall drastically in April and May with the number of electronic permits or e-way bills generated for transporting goods decreasing by close to 30% in March and by more than 80% in April sequentially, reflecting a general contraction in economic activities, according to official data. E-way bills are required for transporting goo…