Govt defers release of April GST collection data

New Delhi: The government deferred the release of April GST revenue collection data as the ongoing lockdown and extended return filing deadline led to lower mop-up during the month, sources said.

The government had in March extended the deadline to file GST returns for entities with turnover of over Rs 5 crore by 15 days from the due date without payment of any late fee, interest and penalty. However, a reduced rate of 9 per cent interest will be levied if the return is filed after May 5 till June 30.

For the business transaction in March, GST return was to be filed by April 20, which was extended till May 5.

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 return before release of collection figure, a source said.

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.

 

Asianet.in/ Desk: Asianet Online