Over one crore taxpayers
have registered under the Goods and Services Tax (GST), which was rolled out
from on 1st of July last year. The GST has subsumed over a dozen local taxes,
including Excise Duty, Service Tax and VAT.
Minister of State for Finance Shiv Pratap Shukla, in a written reply to the Lok
Sabha yesterday informed that about one crore four lakh taxpayers have
registered under the GST as on 2nd March this year.
This includes over 64 lakh taxpayers who had migrated from the erstwhile tax
regimes and around 40 lakh who had taken new registration. Mr Shukla said, as a
result of the sustained efforts made by the government to make GST
trade-friendly, the implementation of the GST in the country has been smooth so