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GSTN glitches: Finance Ministry summons Infosys Executives

GSTN glitches: Finance Ministry summons Infosys Executives

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The Ministry of Finance has reportedly summoned the Infosys executives for over the Goods and Services Tax Network (GSTN) glitches.

Senior executives of Infosys has been summoned following continued glitches being faced by taxpayers and professionals while filing returns on the GST Network.

Infosys senior vice president C N Raghupati and vice president V Ranganathan will meet top finance ministry officials to explain why technical glitches have not been resolved, despite repeated requests from the ministry.

“There have been repeated complaints from businesses and industry that the taxpayers have been facing technical glitches on the GSTN portal while filing returns… The ministry has repeatedly brought it to the knowledge of Infosys,” the official added.

The Taxpayers are facing issues on Portal slow down, Login Error, Auto Logout, Non-delivery of OTP, Delayed OTP, Network Error, Gateway timeout, OTP issues on email or on a few domains, Open file error, issues relating to uploading documents etc.

Source: Tax-Scan.

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GSTN CEO Prakash Kumar says portal is ready to handle 3 bn transactions a month of 8 mn tax payers

GSTN CEO Prakash Kumar says portal is ready to handle 3 bn transactions a month of 8 mn tax payers

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GSTN is starting a trial run of the network with 3000 tax payer from today onwards. During this period it will carried out dipstick study.

Prakash-kumar-GSTN

The much awaited technology driven Good & Services Taxes (GST) which is likely to be rolled-out on July 1, 2017 will generate nearly three billion invoices every months. “GSTN is equipped to handle 2.6 billion transactions every month from an estimated 8 million GST tax payers,” said GSTN CEO, Prakash Kumar to Moneycontrol, adding that the network can scale up to 5.2 billion transactions a month and up to 13 million tax payers, without any change.GSTN is starting a trial run of the network with 3000 tax payer from today onwards. During this period GSTN will carried out dipstick study through identified 3,000 tax payers who have migrated and enrolled into the new system, who will test the system by uploading invoice data, filing returns, and paying taxes,” said the report.GSTN portal was launched last year on November 8. So far over 71 percent of 81 lakh assesses which is about 58.5 lakh taxpayers have already come on board. GSTN portal is responsible for three things – registration, return filing, and creation of challans for making payments through banks.

Initially a commercial taxpayer will register with GSTN, he will create challan and choose bank to make the payment. Like IRCTC or any other portal, taxpayer will go to bank website to make the payment and he will be brought back to GSTN portal, with a confirmation from the bank.

So far government has added credit card and debit card as mode of payment but only few states like Rajasthan have allowed this. Going forward, government is likely to add allow RTGS and NEFT payments from any bank.

GSTN CEO told Moneycontrol that all the data will be shared with the RBI and accounting authority for reconciliation. “They will come to the portal, create the challan, go to the bank, and make the payment. The banks will compile that and send it to the RBI. RBI will also get data from us. These two, the RBI’s and our data, will go to the accounting authority for reconciliation,” said Kumar.

Government plans to use high-end cybsersecurity tools and solution to make data secure and safe. In addition, data analytics solutions would also be used to make sense of huge amount of data which will be created every month after GST roll-out.

Source : moneycontrol