GST collections: Is Rs 1.15 lakh crore a reason to celebrate?

The buoyancy in GST collections in the last few months has brought expected cheer as it does indicate that there will be some compensation for the shortfall witnessed in earlier months. There is optimism that higher GST collections also reflect an imminent recovery that has been witnessed in the economy. As the thumb rule of three successive months of a phenomenon has been observed with respect to…