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Surge in number: GST returns in October jump 36%, collections up 10%

Surge in number: GST returns in October jump 36%, collections up 10%

The monthly GST returns (GSTR-3B) in October saw a 36% jump compared with corresponding period a year ago as the collections grew by over 10% in the month, and breached the Rs 1-lakh-crore mark for the first time in the current fiscal, government data showed.
GST Network (GSTN) saw an even bigger surge in return-filing in September as the extended deadlines for previous months came to a close. Over 1.68 crore returns were filed in September, an increase of more than 88% over last year.

Over 1.3 crore taxpayers are registered with GST but about 17 lakh are composition taxpayers which are required to file a separate quarterly return while the rest file GSTR-3B monthly.
“It has been made possible as the GST infrastructure has been upgraded to handle up to 3 lakh concurrent logged-in users at a time,” the government said referring to the increased load on the GSTN system. The system is also capable to handling 5 lakh concurrent users if required, it said.
GSTN’s capacity was enhanced from 1.5 lakh concurrent users in June in anticipation of a surge of tax returns owing to the pandemic and subsequent deferrals in the original deadlines

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