The Finance Ministry has announced a significant 65% increase in Goods and Services Tax (GST) return filers over the last five years, reaching 11.3 million by April 2023. This rise in compliance is attributed to simplified rules and procedures within the GST framework. The number of active taxpayers has also grown, and a high percentage of eligible taxpayers are now filing their GSTR-3B returns on time.
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. Additional
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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.