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 the current fiscal year, 90% of eligible taxpayers are filing GSTR-3B returns by the end of the filing month, showcasing a substantial increase from the 68% recorded in the inaugural year of GST rollout in 2017-18.
The ministry attributed this surge in compliance to the simplification of rules and procedures within the GST framework, emphasizing that these changes have led to a higher percentage of eligible taxpayers meeting their filing obligations.
Since the nationwide rollout of GST on July 1, 2017, the number of GSTR-3B filers has seen a significant uptick, climbing from 7.24 million in April 2018 to the current 11.3 million as of April 2023. GSTR-3B is the monthly return form used for filing outward supplies details and tax payment.
Commenting on the positive trend, the finance ministry stated, "With effective policy and systemic changes in GST, the compliance level in GST return filing has improved over the years." The consistent increase in return filing is indicative of an overall improveme
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