Business

GST Network has 1.2 crore tax payers registered: CEO

ANI | April 12, 2019 04:09 PM
GSTN CEO Prakash Kumar

New Delhi [India]: A total of 1.21 crore taxpayers have been registered by the Goods and Services Tax Network (GSTN), its CEO Prakash Kumar said on Friday.

"We started with 60 lakh taxpayers. Today, we have 1.21 tax-payers registered and 57.12 crore e-way bills generated so far," he said.

An e-way bill is an electronic permit that was made mandatory for inter-state transport of goods from June 1, 2018.

It is required to be generated for every inter-state movement of goods beyond 10 km and the threshold limit of Rs 50,000.

Kumar said nearly 500 crore invoices have been uploaded on GSTN portal so far. "A total of 25.21 crore tax returns have been processed till date. The maximum number of returns filed per day is 18 lakh," he said.

The GST is billed as the biggest indirect tax reform which came into effect from July 1, 2017, and replaced multiple flowing taxes levied by the central and state governments.

The GSTN was set up primarily to provide IT infrastructure and services to the central and state governments, taxpayers and other stakeholders for the implementation of GST.

The portal is accessible to tax authorities for tracking down every transaction, while taxpayers have the ability to connect for their tax returns. (ANI)

Have something to say? Post your comment
Must Read
Jalandhar Rural police busts gang of notorious vehicle snatchers
Jalandhar Rural police busts gang of notorious vehicle snatchers
Lok sabha elections 2019: Filing of nominations from April 22
Lok sabha elections 2019: Filing of nominations from April 22
CEO writes letter to PS Transport for issuance of advice to public and private bus service providers to stick to model code of conduct
CEO writes letter to PS Transport for issuance of advice to public and private bus service providers to stick to model code of conduct
Congress candidate Chaudhary Santokh Singh kicks off his campaign in Jalandhar (West) constituency
Congress candidate Chaudhary Santokh Singh kicks off his campaign in Jalandhar (West) constituency
She can’t be sane, says Capt Amarinder after Sadhvi Pragya’s repulsive remark on late IPS officer Hemant Karkare
She can’t be sane, says Capt Amarinder after Sadhvi Pragya’s repulsive remark on late IPS officer Hemant Karkare
DC and CP finalise arrangements at DAC for smooth nomination process
DC and CP finalise arrangements at DAC for smooth nomination process
DC and CP finalizes arrangements for strong rooms of EVMs and VVPATs along with counting centres
DC and CP finalizes arrangements for strong rooms of EVMs and VVPATs along with counting centres
This election is referendum on Modi’s non-performance: Manish Tewari
This election is referendum on Modi’s non-performance: Manish Tewari
Equity indices close in the red, Jet plunges over 32 pc
Equity indices close in the red, Jet plunges over 32 pc
Punjab CM orders special Girdawari to assess crop loss due to rain & storm
Punjab CM orders special Girdawari to assess crop loss due to rain & storm
Vigilance nabs revenue Patwari, private person for taking bribe
Vigilance nabs revenue Patwari, private person for taking bribe
Youth will take Cong and Amarinder to task for reneging on promises made to them – Harsimrat Badal
Youth will take Cong and Amarinder to task for reneging on promises made to them – Harsimrat Badal