Over 40% business entities make zero GST payment

There may be noise over heavy tax burden on small businesses but initial data does not support the complaint. It turns out that over 40% of the 54 lakh businesses which filed GST returns in July claimed 'nil' tax liability and paid no tax. This means that around 22 lakh did not pay even one rupee GST. Of the remaining 60% or 32 lakh businesses that filed returns on the GST Network ( GSTN ), the IT…