The goods and services tax (GST) council is set to meet for the third time since the rollout of the new tax regime at this meeting which will take place in Hyderabad. The centre is expected to apprise the Council of the GST collections for the month of July. Sources say the council will also take stock of GST related concerns and demands of various sectors.
Ahead of the GST review meeting tomorrow, CNBC-TV18’s Timsy Jaipuria caught up with the CEO of GST Network, Prakash Kumar and asked him about the recent criticism that the system is facing.
Kumar said that it is easy to criticise but I have the figures to give you. There are no challenges from the system side, he added.
Major challenge is the last minute rush to file returns, he mentioned.
He further said that as of today, 25 percent of tax payers have filed for GSTR-1.
“In the month of July we had roughly 10 lakh new tax payers approved and in August another 10 lakh. It is 10 lakh per month in two months,” said Kumar.
Approximately 80 lakh taxpayers have registered for GST, he further mentioned.
Source : Money Control