GSTR-3B filing National average stood at 94.3% in FY 2024-25

During a Central Board of Indirect Taxes and Customs (CBIC) Conclave, it was informed by Ministry of Finance that National average for GSTR-3B filing stood at 94.3% in FY 2024–25.

Further, it was added that 85% of GST Refund claims were processed within the statutory 60-day limit.

The Ministry informed that GST audit coverage rose from 62.21% in FY 2022–23 to 88.74% in FY 2024–25. Detected GST evasion grew to Rs. 2,23,170 crore in FY 2024–25, with voluntary payments totalling Rs. 28,909 crore. It was also noted that the number of taxpayers who repeated for Audit more than once in 3 years is zero.

The average time for grievance disposal has has been reduced to just 9 days, significantly better than the stipulated 21-day timeline. An impressive 95% to 97% of CPGRAMS appeals are being disposed of within 30 days. This performance has placed CBIC among the top 5 out of 90 Central Ministries in CPGRAMS rankings since February 2024.

GST registration a concern:

The Union Finance Minister, during the conclave, directed the zones to prepare an action plan to improve upon various parameters such as GST registration, processing of refunds, and handling taxpayers’ grievances. She stressed the need to make the GST registration process easier, seamless, and more transparent for taxpayers, with the use of technology and risk-based parameters.

She also directed CGST Zonal Heads to have a dedicated helpdesk for GST registrations to facilitate the taxpayers in the application process.

Speedy closure of GST and Custom investigations

Smt. Sitharaman also called for the speedy closure of investigations for Customs & CGST cases, and exhorted for an analysis on detection and recovery and to seek solutions to reduce the gap between detection and recovery. At the same time, the Union Finance Minister emphasised the need for preventing tax evasion and wrongful Input Tax Credits (ITC) claims.

Click on link given below to read the press release.