Corona blues: April GST could fall by 40%

With the lockdown hitting business activity, GST revenues for April could be down by 30-40% of the annual monthly collections of around Rs 1 lakh crore in FY20.

Currently collections are just a fifth of normal levels.
Currently collections are just a fifth of normal levels.

With the lockdown hitting business activity, GST revenues for April could be down by 30-40% of the annual monthly collections of around Rs 1 lakh crore in FY20.

FMCG firms will ensure the dip isn’t more. Currently collections are just a fifth of normal levels.

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