GST compliance improves with 56% filing GSTN-3B before deadline
22 Nov 2017
The filing of GSTR-3B returns saw a substantial increase in October with as many as 4.37 million businesses filing the initial returns for October - the highest monthly return filing within due date, GST Network said on Tuesday.
Around 56 per cent of the registered taxpayers filed their GSTR-3B returns for October within the due date.
The last date for filing GSTR-3B, the initial sales return, for October was Monday 21 November.
"The number of taxpayers filing their GSTR-3B returns is showing marked improvement month after month with about 43.67 lakh (4.37 million) of them filing their GSTR-3B returns for October till November 20, 2017, the highest so far," GSTN said in a statement.
As many as 3.93 million returns were filed within due date for September against 2.85 million for August and 3.40 million for July.
"There is steady rise in the number of taxpayers filing their GSTR-3B returns every month which is encouraging to see. The trend of taxpayers filing their returns on the last day continues though. Taxpayers are urged to file their returns early to avoid last minute hassles," GSTN CEO Prakash Kumar said.
As many as 1.48 million taxpayers filed their returns on the GST Network portal on Monday.
Punjab accounted for the largest number of over all other states in filing the highest number of GSTR-3B returns for October.
About 73.09 per cent of the taxpayers in Punjab filed their GSTR-3B returns for October so far, GSTN said.