GST Registrations Jump Over 200% In Two Years

Businesses registered under the Goods and Service Tax jumped over 200 percent since its rollout.

About 1.22 crore taxpayers were registered under the new indirect tax regime as on June 2019 compared to 1.12 crore taxpayers enrolled till June 2018. The number of taxpayers registered under the GST in July 2017—when the new indirect tax was rolled out—stood at 38.51 lakh.

Out of 1.22 crore taxpayers, nearly 60 lakh taxpayers have migrated from the pre-GST tax regime, and the remaining are new registrants, according to data released by Goods and Services Tax Network—the company tasked with creating the information technology infrastructure for GST.

Taxpayers, according to the data, continue to file the GSTR-3B returns—summary sales returns that need to be filed by the 20th day of successive month—after the monthly due date. The returns filed by taxpayers within due date average to around 60 percent, the data showed.

Total e-way bills generated—invoices created for movement of goods exceeding Rs 50,000 in value—were 55.77 crore from April 2018 to March 31, 2019, the data showed. About 55.4 percent of e-way bills were generated for movement of goods within the state, and the remaining for inter-state movement of goods.

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