GST statistical report released on completion of three years of implementation

GST statistical report released on completion of three years of implementation

On completion of three years of GST implementation, GSTN has released a statistical report.

The Key Highlights of the statistics are as under:

1. Registration Trend (Active Taxpayers Net of Cancellations) 

There are 12311104 total registrations on 30th June 2020 as against 10839385 as on  18th April, 2018

2. Active Taxpayers

Total of 1,03,96,876 normal taxpayers, 17,11,581 composition taxpayers as on 30th June 2020. Maharashtra has maximum number of normal taxpayers followed by Uttar Pradesh while U.P. has maximum number of composition taxpayers followed by Maharashtra.

3.  Total Returns Filed

Highest Returns Filed in a day are 23.86 Lakhs. Over 47 Crores Returns filed till June 2020

4.  GSTR1 Return Filing Trend

Huge gap can be seen between eligible returns and returns filed for due dates for the months of March & April 2020 on account of extension of due dates due to COVID-19 pandemic.

5. GSTR3B Filing Compliance

Filing on due dates for the months of March & April 2020 is extremely low on account of waiver of interest & late fees payment due to COVID-19 pandemic.

6. Number of invoices Reported in GSTR-1 as per Turnover Slabs

8. Contribution to GST Revenue from Different Constitutions of Business 

Proprietor leads the percentage of total taxpayers but in terms of revenue PSU leads the tally.

8. Refund of IGST Paid on Export of Goods (Jun – 19 till June – 20)

9. E-way bill Statistics (1st April 2019 – 30th June 2020)

Total e-Way Bills generated 70,62,89,680 
Highest number of e-Way bill generated in a day 25,19,208 (29th Feb 2020)
Modes of Goods Transport :
99.63% by Roads
0.42% by Rail
0.20% by Air
0.02% by Ship

• Taxes on sales comprising in turnover to be excluded for estimating net profit
• Capital contribution deposited in assessee’s bank not partnership firm – Addition 69A upheld
• Bail granted to a CA accused in a GST evasion of more than 40 crores
• Every provision invoked casts a different onus, quoting wrong section prejudice the assessee
• Liability under MV Act can’t be decided on the grounds of sympathy alone – Supreme Court