News Details- (Get Professional Updates on Whatsapp, Msg on 8285393786) More News

Govt defers release of April GST collection data

Posted Date : 02-May-2020 , 11:02:34 am | Posted By CASANSAAR print Print
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 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 till the extended deadline for filing returns before 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 deferment of GST data release on Friday. The nationwide lockdown to contain spread of COVID-19 disease was imposed on March 25. #casansaar (Source - PTI, Economic Times)

Category : GST | Comments : 0 | Hits : 2003

Search News
News By Categories More Categories