Taxpayers' base under GST set to cross 10 million mark

At the time of GST roll-out, there were around 80 lakh taxpayers registered with the government.

The taxpayers' base for goods and services tax (GST) is set to cross one crore mark, said an ET report.
 
"We will have one crore taxpayers in a day or two," a government official was quoted as saying by ET.
 
The report said nearly 99 lakh entities had registered for GST by the end of December. 
 
This included 16.6 lakh taxpayers registered under the composition scheme, who are not required to provide details of invoices for quarterly returns.
 
At the time of GST roll-out, there were around 80 lakh taxpayers registered with the government. 
 
The report said nearly 40 per cent of the returns that were filed show no tax liability.
 
Source: ET

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