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HomeGST NEWSGST collections for April and May set to decline drastically

GST collections for April and May set to decline drastically

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GST collection in April and May have fallen due to decrease in E-way bills. E-way bills generated for transporting goods decreased by close to 30% in March and by more than 80% in April sequentially. According to the data received, Businesses had generated only 6.7 million e-way bills from 1 to 27 April, against the 40.6 million generated in March. In the April-March period of FY20, GST revenue collection grew by 3.8% to ₹12.2 trillion from the year-ago period.

https://www.livemint.com/news/india/gst-revenue-for-april-may-set-to-fall-drastically-11588167297581.html

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