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Official GST Portal Gets 36% More GST Returns in October 2020

A 36% increase seen in the monthly GST returns (GSTR-3B) for October month with respect to a similar period last year; this is because the monthly rise grew by 10% and crossed the Rs 1 lakh crore mark for the 1st time in the present financial year.

36 Percent Hike in GST Returns

In the month of September GST network, GSTN seeks higher tax collections as the prolonged deadlines for past months reached closer. There are 1.68 crore returns which were furnished in September with an increase of more than 88% upon the last year.

More than 1.3 crore assessee are enrolled in GST while only 17 lakh are composition assessee who is obliged to furnish the separate return in a quarter and the other will furnish GSTR-3B Get to know details on GST return 3B form along with the online procedure for filing return of the current FY 2018-19. We break down the form for easy understanding on a monthly basis.

“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 council specifies that there is a load which is continuously increased on the GSTN system. But the system is indeed able to handle 5 lakh, simultaneous users if needed.

The capacity to file the GST has increased to 1.5 lakh where the same number of users can furnish their GST returns Get to know the online procedure of filing GST returns in India. We provide each and every GST form according to the taxpayers category together this is due to the pandemic and the consequent deferrals in the native deadlines.

“Taking the surge during the peak filing into consideration, GSTN also took on the performance and stress testing of system applications that helped identify and remove bottlenecks in the software,” declares the council.

GST network had mentioned the elimination of the processes to which the assessee requests improvements in the workload to the assessee which can be implemented by developing the different methods which laid on the size of the assessees upload to invoice details, tuning operations, and database along with additional measures.

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Arpit Kulshrestha
Arpit Kulshrestha seeks higher interests in financial services, taxation, GST, I-T, etc. Writes articles with depth knowledge and is extensive for the same. The resources provide effective articles for the products of SAG infotech which provides taxation and IT software. Writing from observations and researching makes his articles virtuous. View more posts
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