Business

Govt defers release of April GST collection data

Sources said that the government on Friday stopped releasing GST revenue collection figures. The government had last month extended the deadline for filing GST returns from April 20 to May 5. As per the session, the government issues GST revenue collection number on the basis of cash collection in a particular month. However, with the situation arising from COVID-19, the government has decided to wait for an extended timeframe for filing returns before releasing the collection data.

Sources said that due to the “unprecedented situation” arising from the coronovirus outbreak, it has been decided to postpone the April GST archive data release. He said that no date has yet been set for the release of this data.

“The government will wait till May 5 before announcing the collection,” a source said.



For business activity in a particular month, the GST return has to be filed in a staggered manner by the 20th of the following month. So for transactions in March, GST returns had to be filed by 20 April, which was extended to 5 May.

According to another source, the data so far may be an obstacle in releasing GST data on Friday. Countrywide lockout was implemented on 25 March to prevent the spread of COVID-19 disease.



Back to top button