GST Network Initiates Pilot Testing for Return Filing System
The Goods and Services Tax Network (GSTN) has initiated a two-week pilot program involving 4,000 taxpayers to test its return filing process. This aims to ensure the system's readiness for approximately 80 lakh monthly filings once GST goes live. The test addresses concerns regarding the portal's capacity to handle the significant data volume from the mandatory 37 annual returns per company.
The Goods and Services Tax Network (GSTN) has commenced a live pilot program to test its return filing system. Approximately 4,000 taxpayers are participating in this two-week trial. This initiative prepares the system for the projected 80 lakh monthly filings expected once the Goods and Services Tax (GST) becomes operational in July. The minimum number of returns a company must file annually is 37, which includes three monthly and one annual return. Experts have previously expressed reservations regarding the portal's capacity to manage such a substantial volume of data. This ongoing live test is expected to address these concerns and validate the GSTN's operational readiness. This development was initially reported by The Hindu Business. Stay informed with the latest GST news and updates.