Central goods and services tax (CGST) collection stood at Rs 5,934 crore in April, a fall of 87 per cent compared with the Rs 46,848 crore collected in the same month last year, according to the official data.
The data primarily pertains to activities in March, which had only a few days under the Covid-19 lockdown. For April , CGST collection could be much lower, fear analysts.
CGST is levied on intra-state supply of both goods and services by the central government. The slowdown in revenue collections could be attributed to the nationwide lockdown and the deferment of
The data primarily pertains to activities in March, which had only a few days under the Covid-19 lockdown. For April , CGST collection could be much lower, fear analysts.
CGST is levied on intra-state supply of both goods and services by the central government. The slowdown in revenue collections could be attributed to the nationwide lockdown and the deferment of