GST collections rise 3.2 percent to Rs1.94 lakh crore in May - Forbes India

India’s Goods & Services Tax (GST) collections rose 3.2 percent year-on-year to Rs1.94 lakh crore in May, according to data released by the Ministry of Finance on Monday. The monthly trend shows collections moderating from the April peak. The gross GST mop up for April was recorded at an all-time high of Rs2.43 lakh crore. The lower growth figures for May were largely due to the high base effe…