Govt defers release of April GST collection data amid Covid-19 lockdown

In 2019-20 fiscal, Goods and Services Tax (GST) collection had remained above the key Rs 1 trillion mark for 7 months out of 12

The government on Friday deferred the release of April GST revenue collection data as the ongoing lockdown led to a lower mop-up during the month and extended the deadline for filing returns, sources said.

The government had in March extended the deadline to file GST returns for entities with a 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 transactions in March, GST