COVID-19: Govt defers release of April GST collection data
Team Udayavani, May 1, 2020, 8:54 PM IST
New Delhi: The government on Friday deferred the release of April GST revenue collection data due to the ongoing lockdown, sources said.
The government had last month extended the deadline to file GST returns for March to May 5, from April 20.
As per convention, the government releases a GST revenue collection number on the basis of cash collection in a particular month. However, with the situation arising out of COVID-19, the government has decided to wait until the extended deadline for filing returns before the release of the collection figure.
Sources said due to the “unprecedented situation” arising out of the coronavirus outbreak, it has been decided to defer the April GST collection data release. No date has yet been decided to release this data, they said.
“The government will wait till May 5 before announcing the collections,” a source said.
For business activity in a particular month, GST return has to be filed in a staggered manner by the 20th of next month. Hence for transactions in March, GST return had to be filed by April 20, which was extended till May 5.
According to another source, low collection figure till now could have been the reason for the deferment of GST data release on Friday. The nationwide lockdown to contain the spread of COVID-19 disease was imposed on March 25.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
RBI: After another status quo year, all eyes on a growth-propping rate cut with new Guv at helm
Front-running case: Sebi bans 9 entities from market , impounds illegal gains of over Rs 21 crore
Global trends, FIIs’ move to dictate trends in markets in holiday-shortened week: Analysts
GST Council postpones decision to cut tax on insurance, rate panel defers report submission
GST Council meet to decide on lower taxes on insurance policies, ATF inclusion
MUST WATCH
Latest Additions
Kannada Sahitya Sammelana: Food distribution creates stir
Rohit gets hit in nets, practice pitches on slower side
India & Kuwait elevate ties to strategic level; ink defence pact after PM Modi meets top Kuwaiti leaders
In Kuwait, PM Modi meets yoga practitioner, other influencers from Gulf country
Notorious gangster wanted in UAPA case arrested at Nepal border
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.