Even after filing it, businesses will have to upload invoices and file final returns in the GSTR-1, 2 and 3 forms on a stipulated date.
“Currently GSTN system is working smoothly and accepting more than 80,000 GSTR-3B returns per hour”, he said.
Almost 22 lakh GST returns for August were filed as of 6pm Wednesday, as businesses flocked the GSTN portal to submit their returns on the last day for tax filing.
“Today is the last day to pay taxes for August. So 75 per cent waited for the last day”, he told reporters after a meeting of the Union Cabinet here. Financial Express had reported earlier that only about 36 lakh invoices had been uploaded a week before the deadline for filing full-fledged returns for July, the deadline for which was September 4. The last such meeting was held on July 17 – the first meeting after the roll out of Goods and Services Tax (GST) from July 1. During filing of GST-3B for July, GST Network faced glitches, which forced the government to extend the due date for filing of returns.
Since the businesses have a broad idea about the taxes to be paid, they should start filing returns by 14th or 15th of the next month to have an easy entry into GSTN systems, Jaitley said. “Therefore, I would appeal to everybody, it is in their interest (to file returns early)”, he added. This will be the second time that the Council meeting would be held through video conferencing.
Apart from discussing the liquidity crunch that the states are going through, the team also discussed the way out for technical glitches on the tax return filing portal GST Network (GSTN). Following the first meeting of this GoM last week, the Council chairman and Bihar Deputy Chief Minister Sushil Kumar Modi said that 25 key issues have been identified and there would be visible changes on the GSTN portal within 10 days.
Over 21.83 lakh returns were filed till 6pm, a person aware of the development said.
Till September 16, 3.5 lakh taxpayers had filed GSTR-3B for August.