According to the data provided by the GST (Goods and Services Tax) Network, Public Limited Companies amounts to only 0.6% of the total assessees registered under the GSTGet to know the complete GST registration procedure online on the Indian government GST portal official website. We have explained by the actual screenshot of every step Act 2017 but provides approx 35% of the total GST revenue collection. Approx 1.2 crore taxpayers are registered under the GST Act.
Similarly, the Public Sector Undertakings (PSUs) amounts to only 0.2% of the total assessees registered under the GST Act 2017 but provides approx 9% of the total GST revenue collection. Other major contributors under the GST regime are the Private Limited Companies, which amounts to 5.9% of the total assessees registered under GST Act 2017, but provides approx 27.5% of the total GST revenue collection.
Proprietors which amounts to 80% of the total assessees registered under the GST Act 2017, are largest under the act but provides approx 13.7% of the total GST revenue collection. The total number of assessees earning more than Rs. 5 Crore per annum, cover about 7% of the total number of taxpayers under the act but provide more 81% of the total GST collections. Such large taxpayers upload approx 6,500 invoices per taxpayer, as compared to average 30 from all the assessments. The assessees are required to upload the invoices under Form GSTR-1 The complete guide for online filing GSTR 1 form in a very easy and step by step manner. We have explained its part 1 to part 13 with the original form screenshots while filing their returns as a detail for the sales made by them.