GST collections down 70% in April

GST collections down 70% in April

April GST collections are for March transactions, and the lockdown started only from March 25, therefore, the poor collection in the month could be mostly due to extension of return filing dates

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Dipak Mondal
  • May 30, 2020,
  • Updated May 30, 2020 1:50 AM IST

Centre may have held over the monthly GST collection figures for April, but data released by the Comptroller General of Accounts (CGA) suggests that GST collections have seen a precipitous drop of up to 70 per cent in April.

Data released by the Comptroller General of Accounts (CGA) for April 2020 shows that the Centre's share of GST collection during the month was a paltry Rs 16,707 crore compared to Rs Rs 55,329 crore in the previous year, a drop of 70 per cent. Usually, the GST numbers announced by the government comprise collection by both the Centre and states. However, CGA's data only shows the Centre's share of the GST collection.

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Centre may have held over the monthly GST collection figures for April, but data released by the Comptroller General of Accounts (CGA) suggests that GST collections have seen a precipitous drop of up to 70 per cent in April.

Data released by the Comptroller General of Accounts (CGA) for April 2020 shows that the Centre's share of GST collection during the month was a paltry Rs 16,707 crore compared to Rs Rs 55,329 crore in the previous year, a drop of 70 per cent. Usually, the GST numbers announced by the government comprise collection by both the Centre and states. However, CGA's data only shows the Centre's share of the GST collection.

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