‘GSTN tweaked features, handled robust return filing’:

‘GSTN tweaked features, handled robust return filing’:

Portal handled 1.3 lakh tax return filings and payments per hour on last day.

Context:

• Efficiency in Goods and Services Tax Network (GSTN)

What is GSTN?

• A private company which manages the IT infrastructure of the new tax regime – GST

What is the news all about?

• GSTN has handled robust return filing.
• It has handled about 35 lakh filing till September 23
• GSTN had faced glitches during the GSTR filing for July which had forced the government to extend the due date for filing of returns
• The GST Council had constituted the group of ministers to sort out the issues faced by businesses while filing returns and paying taxes on GSTN portal.

What is the impact of GSTN?

• Increased in tax collection; Rs. 95,000 crore were collected in the maiden month of the roll-out.