92% of large taxpayers filed annual returns for 2017-18 as per GSTN
The data shows that the number of taxpayers with a turnover of more than Rs 2 crore is 12.42 lakh, which is only 13.4 per cent of the total 92.58 lakh regular taxpayers. This means 80.16 lakh taxpayers are not mandated to file annual returns. (Note that annual return filing is optional for taxpayers having annual turnover up to Rs 2 crore)
The top three states where businesses registered under GST recorded maximum return filing are Maharashtra (96 per cent) followed by Rajasthan and Gujarat (95 per cent each). Also, the taxpayers who have not filed by the due date can still file the returns for 2017-18 but will be required to pay the late fee.
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