Thursday, May 23, 2019
News

GST Network has 1.2 crore tax payers registered: CEO

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

| April 12, 2019 4:41:56 PM IST
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)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
5th Smart Cities India 2019 expo inaugur...
Stock markets surge to historic highs as...
Nippon Life Insurance ups stake in RNAM ...
Joint bid for Jet Airways innovative but...
APSEZ signs pact to develop and operate ...
Sensex slips 299 points after hitting 40...
More...
 
INDIA WORLD ASIA
BJP sweeping Lok Sabha polls (National) ...
YSR Congress set to wrest power in Andhr...
Counting of votes begins...
Maharashtra: 5 injured in road accident ...
Roshan Baig helped BJP, tried to sabotag...
MP reels under intense heat, Khargone ho...
More...    
 
 Top Stories
NDA takes big lead in Bihar, Girira... 
Trump 'master' of the platform: Twi... 
Its heavyweights trailing, Chhindwa... 
Punjab: Congress leads in 8 seats, ... 
Deve Gowda's grandsons leading in K... 
Bengal: Trinamool ahead in 21 LS se... 
Smith sounds warning bell, stars in... 
Alex Hales eyes England comeback at...