The correct image of the April GST collection will be found by the end of June Finance Secretary

According to the Finance Secretary Ajay Bhushan Pandey has said that the correct picture on the data of Goods and Services Tax (GST) collection for the month of April will be available only till June 30. The deadline for filing GST returns for April is up to this date for units with turnover up to Rs 5 crore. In March, the government had extended the deadline to submit GST returns for taxpayers with a turnover of more than Rs 5 crore from March 20 to 15 May from April 5. They will not have to pay any late fees and fines.

If the return is submitted after May 5 by June 30, then interest will be reduced at the rate of nine percent. Units with turnover up to five crore rupees will be charged with no interest and late fees will be waived if they submit returns by the June fixed limit. Normally, the government releases GST collection data according to the tax collected in a given month. In such a situation, April figures were to be announced on May 1.

Asked why the GST collection data for April has not been released, Pandey said, “The date of GST return submission has been extended. We have said that the returns can be submitted by June. Taxpayers with a turnover of more than five crore rupees have also got additional time. ”He said that after extending the deadline, the correct picture of revenue collection will emerge only till June 30. For this reason, we have not yet released the figures of GST collections for April. He said that those who have submitted returns have also paid GST. The remaining have time till 30 June. The situation on revenue collection will be clear only after June 30. “GST return submission date has been extended. We have said that the returns can be submitted by June.

Taxpayers with a turnover of more than five crore rupees have also got additional time. ”He said that after extending the deadline, the correct picture of revenue collection will emerge only till June 30. For this reason, we have not yet released the figures of GST collections for April.

He said that those who have submitted returns have also paid GST. The remaining have time till 30 June. The situation on revenue collection will be clear only after June 30. “GST return submission date has been extended. We have said that the returns can be submitted by June. Taxpayers with a turnover of more than five crore rupees have also got additional time. ”He said that after extending the deadline, the correct picture of revenue collection will emerge only till June 30. For this reason, we have not yet released the figures of GST collections for April.

He said that those who have submitted returns have also paid GST. The remaining have time till 30 June. Only after June 30, the situation on revenue collection will be clear. They have also paid GST. The remaining have time till 30 June. Only after June 30, the situation on revenue collection will be clear. They have also paid GST. The remaining have time till 30 June. The situation on revenue collection will be clear only after 30 June.