GST revenue fell 56% in April-May

The Goods and Services Tax (GST) collection and the consumption of diesel – the two weathervanes of economic health – fell by 56% and 42%, respectively in the first two months of the current financial year compared to same period a year ago due to the nationwide lockdown. Total GST collection in the first two months of FY-21 was Rs 94,323 crore, less than half of Rs 2,14,154 crore collected in the…