End of the tunnel?: On GST revenues
The welcome pick-up in GST revenues may not yet signal a sustainable economic recovery Over ₹1.05 lakh crore has been collected from the Goods and Services Tax in October, the highest monthly revenue from the indirect tax since February 2020. This marks the second successive month of a year-on-year uptick in the GST kitty — the 10.25% rise in October was preceded by a 4% increase…