Quick Summary
Surge in GST Compliance: Filers Increase by 65% Over 5 Years, Reaching 11.3 Million in April 2023 Finance ministry reported a remarkable 65% surge in the number of Goods and Services Tax (GST) return filers over the past five years, reaching a substantial 11.3 million as of April 2023. Additionally, the count of active taxpayers registered under GST witnessed a notable growth, soaring from 10.6 million in April 2018 to an impressive 14 million. Data shared by the ministry revealed that in
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience.
FAQ :
As of April 2023, there are 11.3 million GST return filers.
There has been a 65% surge in GST return filers over the past five years.
The number of active taxpayers registered under GST has grown from 10.6 million in April 2018 to 14 million.
GSTR-3B is the monthly return form used for filing details of outward supplies and tax payments.
The Finance Ministry attributes the surge in compliance to the simplification of rules and procedures within the GST framework.
In the current fiscal year, 90% of eligible taxpayers are filing GSTR-3B returns by the end of the filing month.
CAclubindia
