Teething problems: ‘GSTN has stabilised, can’t fault Infosys’

    The Goods and Services Tax Network (GSTN) — which handles a mammoth taxpayer base (over 1 core at last count) and over 50 crore invoices every month — was bound to have some “teething problems”, but the system has “stabilised” and has been working without any major glitches since December, its chairman Ajay Bhushan Pandey said on Wednesday. The e-way bill mechanism to track movement of goods in the GST regime — which has lately seen a near-pan-India roll-out — was running smoothly too, he added. The GSTN chairman’s comments at the Express Group’s Idea Exchange programme come at a time when it is faced with the task of rolling out a new return-filing system, approved by the GST Council earlier this month. As an original system of comprehensive, triplicate returns was found cumbersome by taxpayers, it has practically never been implemented in full, and taxes are being paid with a summary return GSTR-3B. The proposed new return-filing system is said to be simpler than the original one with only one return per taxpayer a month. The taxpayer doesn’t have to even file the returns; in fact, she just uploads the invoices and the return is auto-generated. Read More...

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