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According to some data revealed recently, The CGST collection for April month was reported Rs 5,934 crore which is 87% less as compared to the same month last year’s collection (Rs 46,848). The Official data is concerned with the month of March in which only a few days are under lockdown. Some analysts also expressed […]
As you know already that the Release of GST Collection data for April month has been postponed. And now in this matter, Finance Secretary Ajay Bhushan Pandey on 13th May stated that the clear picture of the GST collection of April month is possible only on 30th June 2020. 30th June is also the last […]
The Central Government on Friday 1st May 2020 postponed the release of GST revenue collection data of April Month due to the lockdowns and extended dates for return filing caused by COVID-19 Outbreak. In March month the government also extended the due dates by 15 days from the earlier deadline to file GST returns for […]
In India, the COVID-19 pandemic has adversely affected the Goods and Service Tax collection. GST collection for the month of March and April have considerably fallen along with the decrease in the number of electronic permits and GST e-way bill generation Know the details on blocking and unblocking e-way bill feature for non-filers of GST […]
Nationwide lockdown that was announced due to increasing cases of COVID-19 in India has adversely affected revenue collections of April. As per the data, GST collected for the month of April is estimated to reach only 40% of the aggregate collection recorded in March this year as the entire Indian economy has come to a […]
While the entire world is in the grip of COVID-19 disease, India is no exception. The country’s February Goods and Service Tax (GST) collection was only Rs. 98,000 crore till March 30, 2020, said sources. Prior to corona crises in India, the GST collection stood at Rs. 1 lakh crore mark that is again less […]
The lock-down of offices, shops and other businesses due to the outbreak of coronavirus will affect the GST collections for March and April. According to experts, the hit can not be embraced even by agreeing to the demands of taxpayers to extend the due date of filing GST returnsView the due dates of GST return […]
The end of February brought a downfall in the collections of the Indirect Tax- GST. The GST collected for the month of January, amounted to ₹ 1,10,828 crore (CGST- ₹ 20,944 crore SGST- ₹ 28,224 crore IGST- ₹ 53,013 crore Cess- ₹ 8,637 crore) whereas that for the month of February it was ₹ 1,05,366 […]
February’s Goods and Service Tax contribution to the national treasury stood at Rs. 1.05 lakh crore which is still less than the targets pre-assumed by the government. Though the GST collection was not up to the targets of the government (i.e. Rs. 1.15 lakh crore for Feb month), it was able to gross 8% more […]
