GST: 20 Lakhs Businesses Have paid Tax so far, More to Follow, says GSTN CEO

Standard Operating Procedure - GSTN Registration - Crosses - Taxscan

Goods and Services Tax Network (GSTN) Chairman, Mr. Navin Kumar last day confirmed that over 20 lakhs businesses have paid GST and have filed the first return so far. He also expressed that about 30 lakh more are expected to do so before the deadline ends on Friday.

Last week, a last-minute rush had caused the GSTN portal crashing. Resultantly, the Government had to postpone the due date for return filing by five days.

“About 48 lakh taxpayers have saved the sales data on the portal. Of this, 20 lakh have filed returns and paid taxes so far,” Kumar told PTI. Till 21 August, as much as Rs42,000 crore had come in as taxes from 10 lakh businesses.

The taxes submitted include Central-GST, State-GST and Integrated-GST as also cess on luxury and demerit goods like cars and tobacco. The collection figure would go up substantially with the number of taxpayers doubling to 20 lakh as of today.

Without mentioning the tax collections numbers, he said the remaining 28 lakh taxpayers will file taxes in the next two days. “The GSTR-3B process include uploading of data, payment of taxes and preparation of cash ledger. Uploading of data takes some time.

“Since another 28 lakh have already uploaded data, we expect them to pay taxes,” he said. Asked how prepared GST Network system is to handle the pressure of returns filing as the deadline nears, Kumar said 48 lakh have already come onto the portal and hence there is unlikely that there would be a rush.

taxscan-loader