Over 45.99 lakh taxpayers filed their final sales GST returns or GSTR-1 returns for July till October 10, the last date for filing the sales returns, the Goods and Services Tax Network (GSTN) said in a release. The GSTR-1 returns filed for July accounted for about 77 per cent of the total eligible 59.57 lakh taxpayers for the first month of the indirect tax regime.
Around 54.78 lakh taxpayers filed GSTR-3B return or the summary return for July, while 47.13 lakh taxpayers filed GSTR-3B returns for August till October 10, the release said. GSTR-2 return for July has to be filed from October 11-31 and GSTR-3 return for July has to be filed up to November 10.
“More than 33 crore invoices were filed and processed by GST system along with GSTR-1 of July. Out of this majority were uploaded (24.2 crore) using offline tool developed by GSTN whereas data of 3.26 crore invoices were entered by taxpayers online. Data of around 5.56 crore invoices came through GST Suvidha Providers,” the GSTN release said.
The GSTR-2A of all buyers have been populated with the details of invoices uploaded along with GSTR-1 by suppliers. Following this, the buyer needs to accept the invoice, if it belongs to him and all values match with the invoice and reject, if the invoice does not belong to him.
The buyers will be able to modify the taxable value, tax amount if they do not match with the invoice in GSTR-2A and can keep it pending, if the goods or services have not been received in July, the release said. Taxpayers with 50-100 purchase invoices (business to business) can do this activity on the portal itself, while those having more invoices can use latest offline tool, which has provision to download 2A and work on the same, it said. Once a taxpayer takes above mentioned action on GSTR-2A, it becomes his GSTR-2, which can be then uploaded using the same offline tool on GST portal.
On September 26, the government had said that it has garnered Rs 90,669 crore from GST in August, with about 55 per cent of the 68.20 lakh eligible taxpayers filing their GSTR-3B returns for the month. The collections in August were lower than July, when the government had collected Rs 92,283 crore as on August 29, which was later revised upwards to Rs 94,063 crore (as on August 31).
Tax experts said that the compliance rate for filing the sales GST returns is low and that the government should take corrective steps for the same. “The number of GSTR 1 returns are much lower than what one would have expected, particularly because this forms the basis for the purchaser to claim input credit. It is possible that many dealers who have the GST registration have nil turnover and hence have not filed the return. Government will have to investigate the reasons for low level of compliance and take corrective steps,” Pratik Jain, Partner and Leader Indirect Tax, PwC said.