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News GST

  • Jul 20, 2017
  • Taxpayer base likely to reach 90 lakh, says GSTN Chairman

    The taxpayer base seems to have expanded significantly under the Goods and Services Tax (GST) and the GST Network expects the total registrations for the new tax to touch at least 90 lakh in the coming months.We will cross 80 lakh within the next two-three days. We don’t know how many taxpayers will come in, but at least another 10 lakh are likely,” said Navin Kumar, Chairman, GSTN, adding that the system is ready for more registrations.The government had initially projected a total of 70-80 lakh taxpayers to migrate and enrol for the new levy.

    Source - http://www.thehindubusinessline.com