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
Sukhjinder Randhawa & Charanjit Channi take stock of 550th arrangements of Parkash Purb celebrations
Sukhjinder Randhawa & Charanjit Channi take stock of 550th arrangements of Parkash Purb celebrations
Several trains cancelled as floods wreak havoc in Assam
Several trains cancelled as floods wreak havoc in Assam
Talks with Naga insurgent groups at advanced stage: Govt
Talks with Naga insurgent groups at advanced stage: Govt
Illegal building demolished in Indore
Illegal building demolished in Indore
Ashu Exhorts Religious Leaders to play a leading role in Eliminating Social Evils in society
Ashu Exhorts Religious Leaders to play a leading role in Eliminating Social Evils in society
DC appeals devotees to avoid carrying polythene bags and thermocol to Mata Chintapurni Shrine during annual upcoming Saawan Ashtami fair from August 1-9
DC appeals devotees to avoid carrying polythene bags and thermocol to Mata Chintapurni Shrine during annual upcoming Saawan Ashtami fair from August 1-9
Centre Open to considering dedication of Punjab’s 2nd AIIMS to 550th Prakash Purb of Sri Guru Nanak Dev Ji
Centre Open to considering dedication of Punjab’s 2nd AIIMS to 550th Prakash Purb of Sri Guru Nanak Dev Ji
Well prepared for a Kargil-like conflict again: Dhanoa
Well prepared for a Kargil-like conflict again: Dhanoa
Won't extradite Assange where he could face death penalty: UK Minister
Won't extradite Assange where he could face death penalty: UK Minister
Have to eat rats to survive, claim locals in flood-affected Bihar village
Have to eat rats to survive, claim locals in flood-affected Bihar village
Missa More - India's Instagram Fashion Store
Missa More - India's Instagram Fashion Store
AMG Corporation unveils new identity of its flagship brand Premier Plus
AMG Corporation unveils new identity of its flagship brand Premier Plus