How Many Taxpayers have Filed Returns Under GST?
How Many Filed Returns Under GST?
As per the records shared, the collection for July happened via 64.4% of taxpayers, who were eligible to pay taxes via GST.
Total of 59.57 lakh tax payers were eligible to pay taxes via Goods and Sales Tax in July, out of which 38.38 lakh actually filed returns. Last date for filing GST was August 25th, while it was August 28th for those who decided to avail transitional credits.
However, some tax experts are stating that although collections exceeded Govt.’s internal targets, the actual amount may be somewhat different. Some companies faced technical issues with the ‘TRAN-1’ form which was filled for availing transitional credit.
