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The Number of Registered Tax Assessees Have Swelled Post GST

Updated on: Jul 21st, 2021

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3 min read

17 August, 2017 In just a little over a month of the rollout of GST, there has been a steady upward trend in the number of registered indirect tax assessees, also referred to as tax base. According to a senior finance ministry official, the number of indirect tax assessees who have applied for registration or registered for GST is soon to cross 10-million mark. In the earlier VAT tax regime, the number of tax assessees were about 8 million. This 25% of rise in the number of indirect tax assessees has brought a cheer to the Tax Department. On August 4th 2017, Finance Minister Arun Jaitley clarified that 7.2 million dealers from the previous VAT regime have registred under GSTN, and around 1.3 million new dealers have also registered under GSTN. Read the full article as reported in Livemint

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A significant 25% increase in the number of indirect tax assessees following the implementation of GST in India. The tax base is expected to reach 10 million soon, from the previous 8 million under the VAT regime. Finance Minister Arun Jaitley mentioned 7.2 million dealers transitioned from VAT to GST, with 1.3 million new registrations. Successful GST implementation is leading to a boost in tax collection and compliance.

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