Till now, monthly tax
returns under GST, which has combined 17 central and state taxes into one, were allowed to be filed by the 20th of the following month and revenues collected were reported on 26th, almost a month-long lag between collections and their reporting.
This led to a situation wherein the government
was able to collect tax
revenue for one month less in the first year of GST
roll out. To overcome this, GST
collections for April will be reported on actual basis on May 1, officials said.
Only the Integrated-GST, levied on inter-state movement of goods as well as imports, will be shown in March tax