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Covid won't deter us from path of speedy GST reforms: Ajay Bhushan Pandey

While not affirming new timelines for the simplified returns forms, Pandey says invoice matching is already happening at the back-end and quarterly payments are allowed for small taxpayers.

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What the numbers show is that the economic activity started resuming in May even though there was some degree of lockdown. In June we are unlocking, so the situation will further improve,” says Finance Secretary Ajay Bhushan Pandey

Dilasha Seth New Delhi

4 min read Last Updated : Jul 03 2020 | 11:35 PM IST

Work on revenue augmentation and rate rationalisation is being carried out by a panel of officers, Finance Secretary Ajay Bhushan Pandey tells Dilasha Seth on the occasion of the GST entering its fourth year of existence. While not affirming new timelines for the simplified returns forms, Pandey says invoice matching is already happening at the back-end and quarterly payments are allowed for small taxpayers. Edited excerpts:

What explains the high June GST collections at Rs 90,000 crore, when there was lockdown in May?

These figures are largely reflective of domestic transactions done in May, but import transactions are for June. Some domestic

Topics : Goods and Services Tax Coronavirus Nirmala Sitharaman GST Indian Economy Ajay Bhushan Pandey GST collection GST revenue GDP growth GST rate

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