Goods and services tax (GST) collections dipped below the Rs 1 lakh crore mark in June for the first time in the current fiscal in what is seen as an impact of the sluggish demand across several sectors, with tax consultants also blaming evasion for the drop in the mop-up.
The numbers, released on the second anniversary of the indirect tax reform measure, coincided with a stern government warning to evaders, especially those generating bogus invoices to make fraudulent claims.
 

Goods and services tax (GST) collections dipped below the Rs 1 lakh crore mark in June for the first time in the current fiscal in what is seen as an impact of the sluggish demand across several sectors, with tax consultants also blaming evasion for the drop in the mop-up.
The numbers, released on the second anniversary of the indirect tax reform measure, coincided with a stern government warning to evaders, especially those generating bogus invoices to make fraudulent claims.