April GST mop-up may be at 40% of March collection on lockdown

Mumbai : The goods and services tax collections in April is likely to be 40% of that in March as the nationwide lockdown on account of the coronavirus pandemic has stalled movement of almost all goods and services, a senior finance ministry official said. The Centre on Apr 14 announced the extension of the nationwide lockdown to May 3 to curb the spread of coronavirus in the country. The official…