GST Network, the firm offering technology support for the new indirect tax rule, recently revealed that they have successfully completed all software testing’s essential to productively rollout GST from July 1.
As per the Chairman, Navin Kumar, till now over 66 lakh taxpayers have registered themselves on the GSTN portal.
"GST IT system has undergone all mandatory tests and has been opened for new registrations and enrolments on June 25. We would like to assure everyone that the system is functioning smoothly," he said.
Further, the GSTN portal has also started accepting the registrations from new taxpayers from June 25 even as the procedure of migration of existing taxpayers is going on. Registration has also started for GST practitioners, deduction of tax at source and e-commerce operators (TCS).
However, the government has delayed the execution of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) provisions in the CGST act. Therefore, e-commerce companies will not have to gather tax at source from their suppliers for now.
Kumar said: "We are fully ready and all the tests including User Acceptance Testing and Beta testing have been completed successfully. We are fairly confident of the system and are expecting a hiccup free transition".
The GST common portal will facilitate taxpayers to gather the GST fulfillment requirement like filing returns and making tax payments.