Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
2-min read

New Registrations by Taxpayers Being Verified by GST Council, Says Convenor of GoM

The GST Council has also introduced 3B, a simple return, which has to be filed every month, said the Bihar deputy chief minister.


Updated:December 23, 2019, 6:17 PM IST
facebookTwitter Pocket whatsapp
New Registrations by Taxpayers Being Verified by GST Council, Says Convenor of GoM
Representative Image. (PTI)

Bengaluru: The GST Council is verifying the 66.79 lakh new registrations by taxpayers, which could be fake or pertain to shell companies, Bihar Deputy Chief Minister Sushil Kumar Modi, who is also the convenor of Group of Ministers (GoM) on integrated GST, said on Monday.

"The new taxpayers, who are 66.7 lakh in number, hardly pay 15% of tax. So, whatever taxes we are getting from them is only 15% of taxes, which is about Rs 10,000 crore. Hence, we are strictly monintoring the new taxpayers to ensure they are not fake," he told reporters after the his meeting with the GoM.

Modi said the number of active taxpayers has gone up to 1.21 crore since the launch of the goods and services tax (GST), of which 66.79 lakh are new registrations. According to him, many states have started physically verifying these companies by visiting the premises, geo-tagging the location and uploading the photographs on the system from mobile phones.

The GST Council has also introduced 3B, a simple return, which has to be filed every month, said the Bihar deputy chief minister. "We have decided in one of our GST council meetings that if the firms don't file 3B returns for two consecutive months, their e-way bill will be blocked," said Modi.

He said that till date, about 3.47 lakh dealers' e-way bill has been blocked by the system and as soon as the 3B return is filed, the system would automatically open and the e-bill is generated.

Another decision taken in the meeting was the late fee of Rs 100 per day under the GSTR-1 or the outward supply has been waived, he said. "It is a one-time opportunity for those have not filed their GST return-1. We have waived the late fee of Rs 100 per day. Those who don't file the GSTR-1 for two consecutive terms, their e-way bill will also be blocked," he said.

Conceding that there was huge backlog of refund of GST pending with the authorities, Modi said Rs 25,170 crore worth online refund was pending pertaining to 77,038 applications. Of these, Rs 2,503 crore pertaining 5,912 applications were disbursed, and online refund has picked up speed, he said.

Explaining the reason behind poor disbursement of refund, Modi said many states were not acknowledging the online applications. "States are delaying in acknowledging those online applications. And if sometimes they acknowledge, they have to issue deficiency memo which are not being issued. We have gone into the details, and asked the states to expedite all these refunds. Now, the system has become very simple," he said.

The Bihar deputy chief minister said a new return system would be launched from April 1, 2020, which would have a few fields. "The new return system is very simple with very few fields. It will be user-friendly," Modi said.

To a question on GST collection plummeting, Modi said there was a cyclic slowdown in the economy, which would soon be back on track. He rejected the charge that states were not paid their share of GST saying that all the dues are getting cleared.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
Yes Bank 42.75 4.40
AAVAS Financier 1,951.00 -2.43
Infosys 782.95 -0.20
Alembic Pharma 590.20 0.03
Reliance 1,521.70 -0.35
Top Gainers
Company Price Change %Gain
UltraTechCement 4,641.05 2.47
Tech Mahindra 787.50 2.43
Kotak Mahindra 1,643.95 2.35
Larsen 1,359.80 2.03
Axis Bank 737.30 2.01
Top Losers
Company Price Change %Gain
Power Grid Corp 196.95 -2.14
IndusInd Bank 1,316.00 -1.21
Tata Motors 186.45 -1.04
Sun Pharma 447.70 -0.49
TCS 2,184.60 -0.40

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results