₹1.1 lakh crore ( ₹1.1 trillion) which has seen a downward movement over the last few months, taking into effect the economic slowdown.
Due to the nationwide lockdown, which began from 22 March, the government has deferred the release of April GST revenue collection data as the deadlines for various compliances and return filing have been extended to ease the burden on taxpayers.Considering the difficulties for businesses and taxpayers at large, the government has announced various relief measures related to indirect tax regulations and compliances to enable them to cope up with the unprecedented crisis.Relief under GST lawWaiver of interest/late fee for delay in filing returns (GSTR 3B): the government has announced a complete waiver of.