30 Lakh companies file GST returns proving robustness of the system

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    Mentioning almost 30 Lakh GST so far for August returns that have been filed, Ajay Bhushan Pandey, Chairman of GSTN, this week highlighted the robustness of the system network that has encountered errors.

    Pandey, who took charge previously this month, claimed that the GST Network is in a very good condition and the quantum of filed returns is a testimony to the strength of the system. He declared that glitches or problems that are present in particular pockets will be dealt out shortly. “More than 29.41 Lakh ITRs have been posted for the month of August. The very fact that the bulk of returns have been filed in past 2–3 Days gives self-assurance regarding the accessibility of system,” Pandey claimed to the media in a statement.

    He claimed that GSTN has received more than 85,000 returns each hour last week on the last day for issuing GSTR-3B of August. Almost 75% of the enrolled companies had not filed their returns until last week. Almost more than 13.76 Lakh companies had visited the GSTN portal last week to file their ITR, the biggest ITR filing on a single day so far after GST. According to the State GST and Central GST Acts, an interest at the rate of 18% will be charged for late filing of returns and payment of tax.

    “I might like to ask the companies that they must file ITR in time and not stay till the last instant. Although our system can bear the load, it is in the interest of companies not to stay till last instant since there might be some issue at their end or their PCS might not operate,” Pandey claimed to the media addressing the public. More than 90 Lakh companies have enrolled under the GST rule, which was launched out from July 1, 2017.

    When asked how he aims to guide GSTN moving forward, he claimed that his aim might be to make processes smooth so that individuals do not encounter any challenges while operating on the network. “The GST Network is in a very good condition. It is a big system and will meet the belief of users,” he further claimed.

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